Jump to: Pattern Result
Date and Arrival Time: 2021-03-26 09:00
Symbol Name: EUR/JPY
Pattern and Direction: Bullish Rectangle Break
Pattern Completion Price: 129.05, Pattern Ideal Completion Price: 128.938
An Bullish Rectangle Break has arrived at 09:00 UTC.
This is a pattern with a formation span of 2 days.
There is a potential Buy opportunity at 129.05. A safe stop-loss for this Rectangle Break can be kept at 128.5703 or 128.3450 as per the pattern or 1% below the completion depending on the trader’s risk tolerance. PatternSurfer always advocates tight stop-losses to maintain the best risk-reward ratios .
UPDATE: 31st March – Success!
Let’s take a look at how this pattern’s results unfolded:
