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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.
FXAZE FXAZE EURAUD, 240, Short ,
319 2 25
EURAUD, 240 Short
EURAUD / COMPLETED RECTANGLE AND BREAK NECKLINE

Completed RECTANGLE and break neck line Find any pull back to short FX:EURAUD and hold if you don't want to miss the trade short now and sell limit at 1.56870

Justinwjolly Justinwjolly ZECUSD, 6H, Short ,
48 0 1
ZECUSD, 6H Short
ZECUSD next leg down behind Alts

-9 Week horizontal range -Significant $150 handle -Responsive 50SMA on the daily with imminent 50/200SMA crossover on H6 -Measured move 68.47 30 basis points of risk planned Orders not entered over weekend in thin markets

lonnobee lonnobee SGYP, 1D, Long ,
51 0 1
SGYP, 1D Long
Short-term swing setup

Strong and steady intraday volume has created a nice candlestick for today (8/8) and has moved the price up to the next level/range according to my support and resistance boxes. I am holding this short-term swing overnight with a manual stop position at $1.77 (bottom of upper rectangle) and a short term price target at $2.05, just under key resistance at $2.06. ...

PipJumper PipJumper EURAUD, 240, Short ,
96 0 2
EURAUD, 240 Short
EURAUD Sell the breakout

For Weekly(7to10 Aug 2018)

Justinwjolly Justinwjolly WES, 1D, Long ,
47 2 4
WES, 1D Long
Wesfarmers take 2# long

-Primary pattern is a 66 month horizontal range -Of which as an unmet target of 57.31 -8 day pennant in which I tried the long side of has morphed into a 5 week flag with well defined boundaries -Tight bollinger band squeeze on the daily -An attractive R/R 30 basis points of risk planned

Justinwjolly Justinwjolly BTGUSD, 6H, Short ,
79 0 1
BTGUSD, 6H Short
BTGUSD short

-7 Week horizontal range -Significant test and failure to climb above 200SMA H6 -Breakout has occured with a tag of boundary on last candle -Bol band expansion -Measured move to 12.32 30 basis points of risk Am no longer constructive on crypto short to medium term

DMTradingBG DMTradingBG EURGBP, 240, Short ,
51 0 2
EURGBP, 240 Short
Summer Markets - Trading in a Range [EUR/GBP]

Hello everyone, Another week has started and it is time for me to share with you yet another weekly trading plan. This week I will be looking at the EUR/GBP currency pair and its’ range that dates back to 2017. I review the Weekly, Daily and H4 time frames, where I define certain levels and make predictions of the future price movements. You can check all of ...

Justinwjolly Justinwjolly AUDJPY, 1D, Short ,
43 0 1
AUDJPY, 1D Short
AUDJPY bias switch

-21 Week Horizontal range -Post Great Financial Crisis trendline break pending -Weekly Bol band squeeze at this confluence of levels -Measured move 76.45 Classical charting patterns are always to be taken seriously when they form at key levels on a charts. These "launching" patterns can often be explosive with definitive implications once validated. Was ...

DVNNY DVNNY EURUSD, W, Short ,
56 0 1
EURUSD, W Short
Updated EURUSD with Bearish Target

A follow up on the July 29th analysis posted

jasonwhite jasonwhite BTCUSD, 1D, Long ,
437 1 8
BTCUSD, 1D Long
Accumulation Phase with Bitcoin - Wyckoff

Bitcoin is in Wyckoff Schematic #1 Trading Range, it has bounced from the Spring at around $5800, and we'll continue to go higher. Our two main resistences on the way up are: (1) $6600 (2) $7000 $8000 will be our bull trigger. If we go above $8000, I believe we're going for much higher levels, and if we get rejected at $8000 we'll go towards lower levels down ...

jasonwhite jasonwhite OMGUSD, 1D, Long ,
235 0 5
OMGUSD, 1D Long
OMG 100%+ Profit Potential

OMG/USD is currently in a high demand area (white rectangle) the price range in that rectangle is between $6 and $7.5 Everytime it has been in this rectangle, it has shot up with at least 100%+ Profit. This is a highly demanded zone. Nevertheless, I still recommend scaling wisely as its not a Bull Market yet. But buying good chunk of it would be great ...

mxke mxke EOSUSD, 1D, Short ,
168 0 4
EOSUSD, 1D Short
EOS Short on Rectangle Confirmed Breakdown

Price chart formed a 6 week-long rectangle with the lower boundary acting as strong support at 6.85 levels. The upper boundary was tested several times over the course of the chart pattern. The daily close below 6.64 levels confirmed the breakdown from the 6 week-long rectangle with the possible chart pattern price target of 4.67 levels.

58 0 3
USDJPY, D
USDJPY price forecast

I'm new in the industry. Kindly, do any correction in comments box that you think i missed. Thanks

48 2 3
EURAUD, 1D
EURAUD area of congestion

-4 Week rectangle developing -Gun to my head, I would say I have a long bias. Ideally, I would like to see another 2 weeks within this range to give conviction to a buy or sell Reasons to go long -Trend is up -Consolidation is taking place above November 2017 high Reasons to go short -One day out of line movement on the 19th July -A rounding abbreviation of the ...

TamirHa TamirHa AXP, 1D, Long ,
32 0 2
AXP, 1D Long
AXP - New High

simple setup after a nice consolidation at the highs price broke above resistance at 104 and looks god for a small rally rectangle breakout stop located below 100 and target at 111

sulist0cks sulist0cks XBTUSD, 1D, Long ,
270 1 5
XBTUSD, 1D Long
Bitcoin Long Opportunity 04/07/2018

I see an Inverse Head and Shoulders pattern forming , i expect price to return to gather more liquidity using sell orders. My higher timeframe for the upcoming weeks is still bearish as i feel bitcoin 4k is still in reach(before an official strong bullish trend begins).However i am currently bullish and i expect price to return back to 6120. Around this price ...

CryptoDeNiro CryptoDeNiro XBTUSD, 240, Long ,
74 0 2
XBTUSD, 240 Long
XBT SHORT

SHORTS WIN.

147 0 4
BTCUSDT, 60
BTC _ Great divide

Scenario 1 : Bullish To 9K Scenario 2 : Bearish To 6.8K

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