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The Only Forex RECTANGULAR CHART PATTERN You Ever Need | Simplified! FX216



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The Only Forex RECTANGULAR CHART PATTERN You Ever Need | Simplified! FX216.
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The Meaning of the Rectangle Pattern in Technical Analysis
The rectangle figure is a trading pattern which can appear during bullish and bearish trends. The pattern consists of tops and bottoms, which are parallel to one another. The other key point to illustrate is that the highs and lows are all horizontal.
Steps to Trading the Rectangle Formation
Now that you are familiar with the pattern, let’s walk through how to trade the rectangle formation.

Step 1: Identify the Rectangle Pattern
To identify the rectangle pattern, you first need to find a trending stock that is experiencing a consolidation period.

You will need to identify a minimum of two tops and two bottoms that are horizontal with one another.

These two tops and bottoms will create the support and the resistance levels of the rectangular range.
TOP TIPS TO TRADE BREAKOUTS WITH THE RECTANGLE CHART PATTERN
Trading forex breakouts with the rectangle pattern is relatively straightforward. The following list summarizes what traders should do when entering a trade:

Identify pre-existing trend
Make sure that there are no longer-term/macro patterns in play before committing to the rectangle pattern analysis
Establish support and resistance by joining highs and lows within the ‘rectangle’
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We have done our best to ensure that the information provided here and the resources available for download are accurate and provide valuable information. Regardless of anything to the contrary, nothing available on or through this Website should be understood as a recommendation that you should not consult with a financial professional to address your particular information. The Company expressly recommends that you seek advice from a professional. *None of this is meant to be construed as investment advice, it’s for entertainment purposes only. The video is accurate as of the posting date but may not be accurate in the future.Everyone learns at their own pace , nothing in forex is guaranteed and past profits do not guarantee future profits. I am in no way giving you financial advice and any money you lose is 100% at your own power. Enjoy the education!!

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14 Comentários

  1. Godlove, thankyou very much for this chart pattern training. I must admit that you are very clear, simple and a great teacher too. Thank you.

  2. I really appreciate you boss for taking out time to explain this so passionately! My note have been neatly taken and am about to fund my account sir!

  3. We stand by you keep firing for we shall be your testimonies in due course . Thanks brother.

  4. FOR ALL YOU HAVE ALWAYS DONE FOR ME ,I RESPECT YOU SO MUCH IM LUCKY TO HAVE YOU SIR

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