Jump to: Pattern Result
Date and Arrival Time: 2021-04-02 12:40
Symbol Name: NZD/USD
Pattern and Direction: Bullish Rectangle Break
Pattern Completion Price: 0.7047, Pattern Ideal Completion Price: 0.7047
A Bullish Rectangle Break has arrived at 12:40 UTC.
This is a pattern with a formation span of 1 day.
There is a potential Buy opportunity at 0.7047. A safe stop-loss for this Rectangle can be kept at 0.7028 or 0.7019 depending on the trader’s risk tolerance. PatternSurfer always advocates tight stop-losses to maintain the best risk-reward ratios .
UPDATE: 2nd April – Invalidation
The invalidation pattern of this rectangle was quickly reached, and hence the trade may be discarded as unsuccessful.
