Rectangle

A rectangle can be used as an entry pattern for the continuation of an established trend. The formation usually occurs after a sharp price movement when price flows into a period of consolidation between 2 horizontal support and resistance levels, each of which is tested at least twice. Bullish rectangles can form after an uptrend, bearish rectangles can form after a downtrend. The pattern has completed when price breaks out in the direction of the prevailing trend, at which point it will likely continue in this direction.

Conservative traders may look for additional confirmation. There are 2 common techniques to estimate the target: either the height of the rectangle or the length of the preceding leg can be extended in the direction of the breakout. Some traders use both techniques and aim for 2 targets. Common stop levels are at the midpoint of the rectangle or just outside of it on the opposite side of the breakout. TradingView has a smart drawing tool that allows users to visually identify this pattern on a chart.
a.h1979 a.h1979 GBPJPY, 15,
GBPJPY: Trade idea for GBPJPY
19 0 6
GBPJPY, 15
Trade idea for GBPJPY

waiting for price reaction on rectangle box for short or long entry take in to account today UK inflation report

thuytrinht4 thuytrinht4 PRO USDSEK, D, Short ,
USDSEK: Breakout to the downside in USD/SEK
4 0 3
USDSEK, D Short
Breakout to the downside in USD/SEK

The USD/SEK forex pair has resolved its recent 15-week rectangle pattern to the downside. A break down below 8.6960 is a selling signal to the target level of 8.3

ScottMescudiForex ScottMescudiForex XAUUSD, 240, Short ,
XAUUSD: XAUUSD : This week is weak!
35 0 2
XAUUSD, 240 Short
XAUUSD : This week is weak!

XAUUSD lacked the momentum to get through FIB 618 and fell down again. We have a double top and it shows as a resistance zone (blue rectangle). I think gold may go back test the bottom of the bullish channel before resuming its trend. Trade safe!

MateyeFX MateyeFX CHFJPY, 60,
CHFJPY: Sell CHFJPY
19 0 4
CHFJPY, 60
Sell CHFJPY

I am waiting for the price to breakout of the upward channel (H1) and that will confirm a reversal on this pair. Another interesting part is that if the price pushes higher to the resistance (around the grey rectangle by the trendline drawn from the high of Jan, 2015), I will enter the trade from that area, keeping my SL at 50 pips. And the price would be forming ...

igpromotings igpromotings PRO USDJPY, 30,
USDJPY: USD/JPY Profitable Trade
79 0 1
USDJPY, 30
USD/JPY Profitable Trade

Good Evening, Price has respected rectangle formation, should price not respect trend line, beware of bearish impulse. Profit can be made on rally to the top of rectangle, as well as profit to the bottom (or trend line) after price respects top of rectangle once more. Breakouts are more than likely in a rectangle set up so keep watch on price. Thanks, Trade Wisely

TeamWinnaar TeamWinnaar BTCUSD, D, Long ,
BTCUSD: Long term bitcoin trend
411 0 8
BTCUSD, D Long
Long term bitcoin trend

Our last bitcoin long abruptly ended out of our control at a price of 604usd (lol). Since there was no reason to get out of the trade, we are looking for new entries. The BFX hack could be an opportunity to get in again at a lower price. The red rectangle is the region we are looking into. With support from a long term uptrend (red dashed line, not to be ...

mcbuchino mcbuchino USDCAD, D, Short ,
USDCAD: USDCAD
274 1 5
USDCAD, D Short
USDCAD

As you can see its a rising wedge.. will wait until it touches or gets inside the supply zone which is the blue rectangle before i short...

arashmjb arashmjb USDCAD, 240,
USDCAD: USDCAD: Bullish Channel
65 0 9
USDCAD, 240
USDCAD: Bullish Channel

Completing ABCD pattern at the top of the channel make a strong resistant area that price couldn't broke this are recently so it's possible that a downtrend begin and price goes down to the bottom line of channel and complete another ABCD pattern at the last yellow rectangle.

ralphlacle ralphlacle USDJPY, 60, Long ,
USDJPY: Bullish Cypher Pattern right to the trendline.
72 0 8
USDJPY, 60 Long
Bullish Cypher Pattern right to the trendline.

Bearish rectangle to complete the bullish cypher pattern right on the trendline

Alec40 Alec40 PRO SILVER, D,
SILVER: Bounce Coming In Gold and Silver?
92 0 7
SILVER, D
Bounce Coming In Gold and Silver?

I have had very good consistent results with this strategy however I have done my due diligence and back tested it thoroughly to fully understand all the variable and what the best way to use it is, so please do your back testing as well. As some of you know I am currently short on Silver -1.16%so I will be using the results of this trade to manage my current ...

jimmycdn jimmycdn PRO GBPUSD, 60, Long ,
GBPUSD: GBPUSD H1
39 1 6
GBPUSD, 60 Long
GBPUSD H1

Morning Everyone (EST Time), Grey Rectangle showing reversal from last Swing. Also I have included my to positions for Buy and Sell, pay attention to RSI and directions of Alligator. Cheers, Jim

Krystiannwk Krystiannwk PPCBTC, D, Long ,
PPCBTC: PPCBTC important support/resistance level to observe
214 0 9
PPCBTC, D Long
PPCBTC important support/resistance level to observe

Peercoin made some nice move towards north lately. It seems like that peercoin lose some value against bitcoin after BTC made some new highest highs. I marked area very close to the psychological round number which is 0.00100000. Blue rectangle includes all the GAP based on weekly chart. I assume that if the pair will come closer to this level some interesting ...

jalexp jalexp GOLD, W,
GOLD: is GOLD ready to breakout?
77 0 3
GOLD, W
is GOLD ready to breakout?

On this weekly chart... GOLD is shown to be in an uptrend (higher highs, higher lows) YTD. The last higher low was made at a well tested support/resistance zone (light orange rectangle). Personally, I would wait for a breakout of the down trend line in place since its high in 2011 before going long, i.e. wait for a confirmation. If GOLD does break out, the ...

SamRavdandorj SamRavdandorj AUDUSD, 240, Short ,
AUDUSD: Potential Short Bat Pattern
49 0 3
AUDUSD, 240 Short
Potential Short Bat Pattern

Hey, we have got a potential bat pattern forming on the AUDUSD, as we can clearly see it on the 4H chart, it is giving us an opportunity to short. I have tried to identify potential reversal zone which is highlighted by rectangle shape. In terms of profit targets and stop losses, bear in mind that in longer time period it is been in downtrend, thus shorting means ...

ApostolosKsimines ApostolosKsimines GER30, D,
GER30: ger30 and eurusd correlation
81 0 4
GER30, D
ger30 and eurusd correlation

1.The relation between these two instruments is obvious opposite (rectangles). 2. When ger30 made HH(red arrows), eurusd made HL(blue arrows) showing us that will try to get higher. 3. Consider that ger30 is in correction mode, we believe that is possible eurusd will reach 1.1450

noise_of_the_machine noise_of_the_machine EURSEK, D, Long ,
EURSEK: EURSEK long
13 0 6
EURSEK, D Long
EURSEK long

Entry @ break of second waves 0.618 retracement Stops @ new low below first waves 0.618 retracement or below 0.500 retracement (multiple violation of strong supports) based on preference Target @ first waves -0.272 level (third wave completion), or alternatively at previous high. After 3 failed tests price broke out from range and in spite of returning a second ...

FJTrading FJTrading PRO EURUSD, D, Short ,
EURUSD: EURUSD POSSIBLE SHORT OR CONTINUATION
72 0 4
EURUSD, D Short
EURUSD POSSIBLE SHORT OR CONTINUATION

We got a bearish bat setup, the confirmation for it would be a close below the blue rectangle with prior candlestick patterns, however, if candles broke the blue rectangle, i'm going to place a buy at X point. It's a nice risk reward setup, if we place a sell, it's stop loss would be at X point and it's minimum TP at 1.0680, at even more confirmation signal but ...

frankoverwood frankoverwood POTBTC, D, Long ,
POTBTC: 2 possibles scenarios por PotCoin
239 1 8
POTBTC, D Long
2 possibles scenarios por PotCoin

If the Crypto Hype keeps going up, imo we think we are going to see how all the crypto enviroment PUMP. Buy zones in the blue rectangle, the red line means more risk in that trade.

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