The Security is trading in a range. The security is consolidating between 172.60-171.10 we need to wait for the security to break beyond this level, if the Pair is able to break on either side, following are the conditions which need to be followed.

If the breakout is on the upside the Pair has to close above 172.60 levels, wait for one candle to close above this level, if it is able to close above the mentioned level start buying.

If the RSI is trading above 73 ignore the breakout.

If the breakout is on the downside the Pair has to close below 171.10 levels, wait for one candle to close below the level, if it is able to close below the mentioned level start selling.

Rectangle Pattern

May 22 2023