In this post I’m covering the rectangle, another popular chart pattern used in technical analysis. The rectangle (also known as a trading range or box) can be a continuation or a reversal chart pattern as you will see shortly.
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Author: tradingsossos
One of the charts I’m looking at for this coming week is that of NZDJPY. Refer to the chart below for the following discussion.
In this week’s post I’m focussing on GBPUSD. This post is more of an exercise for those interested in trading support and resistance.
In this post I’m discussing a support zone I’m watching in AUDNZD. See chart below for the discussion that follows.
Always remember that the moment you enter a trade, you are risking money. Keep that in mind whenever you are putting on a new position. You are risking real money. So, are you going to risk big or are you going to risk small?
I realized that I scrolled through the same charts more than once looking for potential trade setups over the weekend. This was a clear message to me that there just wasn’t any.
In today’s post I just want give a quick update and discuss some of the charts I posted over the last couple of weeks.
I’m sure that for most traders out there it is difficult to deal with a couple of losing trades in a row. I am no different.
AUDUSD broke recent resistance. See chart below for the discussion that follows.
EURCAD is currently close to support. See picture below for discussion.