EURUSD April 23, 2024: A Small Consolidation Zone
On April 23, 2024, on a daily chart,
EURUSD
is moving inside a small consolidation zone after a big down move from April 10, 2024.
A break down below this triangle suggests a further down move to 1.047, which has the same distance to the consolidation zone as from the start of the previous down move.
EURUSD
is moving inside a small consolidation zone after a big down move from April 10, 2024. A break down below this triangle suggests a further down move to 1.047, which has the same distance to the consolidation zone as from the start of the previous down move.
Comment:
EURUSD moved up above this small triangle therefore invalidated the above expectation. The trade was never triggered and I cancelled the sell-stop order
