I wasn't too sure where to post this, so apologies if it's in the wrong section.
Analyzing the EUR/JPY Daily charts, I think I may have found a "Descending Triangle" pattern, which I am hesitating to trade since I've never traded the Daily chart before(Recently funded my account so I can trade daily)
This is the pattern, with my analysis added to it, on the 4HR chart and the Daily chart
Daily Chart - Descending Triangle... But at a major Support line + 50Percent retracement line is present....
4Hr - A bullish engulfing pattern on a 50Percent retracement line
Question - Sell or not to sell, need opinions please, my opinion would be to sell but the retracements and so on are keeping me hesitant
Once again, apologies if I've broken any forum rules or anything(tbh i skipped reading it
)
Edited : I've just realized both of my screens were printscreened (didn't know I could do that), the analysis is on the left screen (Sorry for the inconvenience)
Also uploaded a clean Daily chart to make things more clear
Nevermind, just realized the answer was right in front of me, quote me if I'm wrong, but I'm just going to wait for a continuation pattern / reversal pattern ( Candlestick patterns) and use that to trade the Daily chart where i'm assuming consolidation will form
Analyzing the EUR/JPY Daily charts, I think I may have found a "Descending Triangle" pattern, which I am hesitating to trade since I've never traded the Daily chart before(Recently funded my account so I can trade daily)
This is the pattern, with my analysis added to it, on the 4HR chart and the Daily chart
Daily Chart - Descending Triangle... But at a major Support line + 50Percent retracement line is present....
4Hr - A bullish engulfing pattern on a 50Percent retracement line
Question - Sell or not to sell, need opinions please, my opinion would be to sell but the retracements and so on are keeping me hesitant
Once again, apologies if I've broken any forum rules or anything(tbh i skipped reading it
)Edited : I've just realized both of my screens were printscreened (didn't know I could do that), the analysis is on the left screen (Sorry for the inconvenience)
Also uploaded a clean Daily chart to make things more clear
Nevermind, just realized the answer was right in front of me, quote me if I'm wrong, but I'm just going to wait for a continuation pattern / reversal pattern ( Candlestick patterns) and use that to trade the Daily chart where i'm assuming consolidation will form
