Security is trading in a range. Security is consolidating between 0.5750-0.4160 we need to wait for the Pair to break beyond this level, if the security can break on either side, the following are the conditions that need to be followed.

If the breakout is on the upside the Security has to close above 0.5750 levels, wait for one candle to close above this level, and if it can 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 Security has to close below 0.4160 levels, wait for one candle to close below the level, and if it can close below the mentioned level start selling.

Rectangle Pattern

Jan 08 2024