Security is trading in a range. Security is consolidating between 16900 - 16400 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 16900 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 16400 levels, wait for one candle to close below the level, and if it can close below the mentioned level start selling.

Rectangle Pattern

Feb 27 2024