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Rectangle

Coming Home To A Warm BedThis particular pair OANDA:GBPJPY , I committed one year to. I decided if I am going to have any success at trading, pick one pair, and stick to it! Although I've been on shuffle with my portfolio, I always revisit this pair. I like to say I'm married to it ;) After a long night out with the other pairs, I came on home this morning. From the looks of this trade, my wife slept through my arrival home, from a long night out! This has been a pair I have been studying for the past 180 days. It has been on a massive bull market for the past 60 days, creating new highs this par has not seen in eight years. This week overall has been very profitable. It is STILL continuing to generate new highs. Sticking to my trading plan is like putting my turning signal on when switching lanes. You have to signal other drivers (buyers/sellers) where you are going! I like to connect with you, so share your feedback! What are your thoughts? In conclusion, I'd like to share my trading journal entry... DID I FOLLOW MY PLAN? Yes. I identified the trend properly. I made entry at an area of liqurdity Set my take profit 1:3 WHAT DID I DO WELL? 1. Let The Trend Be My Friend. 2. Traded the pair in my session. 3. Entered The Market On A Bullish Candlestick. WHAT CAN I DO BETTER? 1. When the Price Peaks, Exit Manually WHAT DID I LEARN? 1. Identifying The Trend Early Will Increase the Ratio Of Success. 2. #setandforget 3. How To Identify Liquidity 15 Minute Timeframe. DID I PREPARE PROPERLY? YES, I entered a trade with several confluences in my technical analysis. This time I set my price, doubled down, and wait for a confirmation. Looks like I need to stay home, and do some lawn work today. :)
Long
by Cashflowmarcofx
1
For Only Momentum players.Just A momentum play , execution is the key here, not looking for so big levels, Just a 1:1 (depends upon execution) Trade if you are interested. and just close it around levels. Red Line is Stop on DCB. Green line is Target. All the best. Gratify if you appreciate the practice then you can like it, share it and If you want me to investigate any chart for you then would cherish doing that for you. Thank you for your time and support. Stay safe.
NSE:LALPATHLABLong
by Anany_shringi
Three bearish patternsI usually do not trust forecasts made on low time frames. They are often subject to the error of a larger pattern. In other words, they are not always what they appear to us to be. That's why I mostly make charts on 4h+ charts. However, I sometimes make exceptions to this rule. As you can see above, it seems to me that 3 intersecting patterns are forming. As for me, this is a specific kind of polymorphism. The more patterns fit the better. Each of them confirms the further course of events. Hence I conclude that further declines are ahead. Of course, I could be wrong here, but it looks sensible to me. This is not financial advice.
BITSTAMP:BTCUSDShort
by stanosky
3
📈 How to: Bullish Rectangle PatternThe rectangle is a classical technical analysis pattern described by horizontal lines showing significant support and resistance. It can be successfully traded by buying at support and selling at resistance or by waiting for a breakout from the formation and using the measuring principle. 📍Understanding the Bullish Rectangle Candlestick Pattern The bullish rectangle candlestick pattern is a chart formation that appears during an uptrend when prices temporarily pause before resuming their upward movement. It represents a period of temporary equilibrium as the price moves sideways. When the price breaks out above the upper resistance level, the pattern is considered valid, and it generates a buy signal. Bullish rectangle patterns are a type of classical chart pattern that indicate a period of indecision between buyers and sellers. They are common and powerful patterns used in breakout trading. On the other hand, the bearish rectangle pattern is the opposite version of the bullish rectangle pattern and follows the same formation and rules but occurs during a bearish market trend. 💥Key Takeaways: 🔹 The rectangle pattern signifies a lack of trend as the price fluctuates between horizontal support and resistance levels. 🔹 Traders have different approaches to trading rectangles: 🔹 Some choose to trade within the rectangle, buying near the bottom and selling or shorting near the top. 🔹 Others prefer to wait for breakouts, which occur when the price moves out of the rectangle. 🔹 The rectangle pattern concludes with a breakout, marking the end of the price's sideways movement between support and resistance levels. 👤 @QuantVue 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
3