Over the past few days, NSE:BANKNIFTY has experienced a downtrend, presenting an opportunity for traders to analyze a potential reversal through the formation of a rectangle pattern. The rectangle pattern is a horizontal consolidation pattern characterized by parallel support and resistance levels. It indicates a period of market indecision, where buyers and...
XAUUSD is trading in rectangle channel.
The price is currently at its Mid: 1960.80.
A short/longTrade is entered above/below the trend line breakout to target the 50% and 100% rectangle channel height.
Stops are set at the mid of the rectangular channel Mid: 1960.80.
