Hello people
eur/usd at the mo and I can see an ‘M’ forming on 4hr charts but also an accending triangle but also could be heading into a ranging channel.
Am still new to this and have a hint of ‘fear of missing out’ but what would you do??
I m guessing wait and be patient?
Wait for the break of these circumstances. Best to only trade when youre happy with what you see
Patience is king, I get it but hard to learn haha cheers for the reply mate
Agreed, I would wait to see what price does Monday. If you zoom out a bit more you can see this might just be a normal pullback and shorting would be very risky right now.
However, you also can’t ignore the level price has bounced, and failed to break through, several times now.