Rectangle pattern Consists of
Up trendline + strong resistance
in order to know where the price will go next just check where the price will break first
* if the resistance is broken : you can wait for a good retest and enter a buy trade as this will help in having a small stop loss
* if the tendline is broken also wait for a retest to enter sell or you can...
Looking to see if we can see a quick move up on AUDUSD out of the 0.7 support then will definitely look for a buy off a right shoulder if created. Price looking very weak still so make sure you wait for confirmation if following my trade setups.
