erbe
Long

XAUUSD-2h : Trading Rectangle Pattern

FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD -2h : Trading Rectangle Pattern

Good morning Traders!
My idea example above illustrates a "Rectangle" pattern from the XAUUSD 2 hours chart. XAUUSD traded in a tight rectangle channel with highs and lows bound by two parallel trend lines . The prior direction before the "Rectangle" formation was upside. A "long" trade is entered above the blue line.

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