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Daily Feed: 2nd April 2021 - Rectangle - NZD/USD - PatternSurfer

Daily Feed: 2nd April 2021 – Rectangle – NZD/USD

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.