USD/CAD tests the immediate barrier at the rectangle’s upper boundary around 1.3910. The pair is consolidating within a rectangle pattern, with the 14-day RSI above 50 indicating bullish consolidation ...
The rectangle is a classical technical analysis pattern described by horizontal lines showing significant support and resistance. Rather than modern technical analysis, which relies on indicators, ...
Breakoutscan generally offer some of the higher potential risk/reward setups, allowing traders to keep stops tight relative to potential profit target. One very popular way of doing so is by trading ...
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The Rectangle Formation
The rectangle is a classical technical analysis pattern described by horizontal lines showing significant support and resistance. It can be successfully traded by buying at support and selling at ...
The rectangle tends to be a reversal pattern. I love the pattern because its boundary lines are horizontal, meaning that a successful breakout also resolves the complete congestion zone. The targeting ...
The rectangle is a classical technical analysis pattern described by horizontal lines showing significant support and resistance. Rather than modern technical analysis, which relies on indicators, ...
USD/CNH tests the immediate support at the lower boundary of the rectangle around 168.80. The 14-day Relative Strength Index remains below the 50 level, indicating a prevailing bearish bias. The ...
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