EUR/USD Triangle Pattern – 1H Timeframe

📊 EUR/USD Triangle Pattern – 1H Timeframe
🕐 Date: 17 June 2025
📌 Chart by: GreenfireForex

🔷 Pattern: Contracting Triangle (ABCDE)
🔍 Context: Forming inside Wave (4) – possible breakout before Wave (5)
📈 Upside Potential: Break above triangle → target near 1.16500+
📉 Downside Risk: If fails to break up → revisit demand zone around 1.15000


---

🔮 Possible Scenarios:

✅ Bullish Breakout:

Breaks above wave (e)

Clean rally toward target zone

Ideal for a long setup with tight SL


❌ Bearish Fakeout:

Rejection from triangle resistance

Falls back into demand zone

Look for reversal or retest opportunities



---

🎯 Strategy Tips:

Wait for a breakout candle

Use SL outside triangle zone

Entry based on confirmation – avoid early trades


💬 Let’s discuss live market reaction as price nears triangle edge. Stay ready .