A rectangle pattern is a continuation pattern that forms a trading range during periods after high market volatility. Buying at the support and selling at the resistance is the primary strategy that may bring good profit. This post will take a closer look at the rectangle chart pattern strategy. We will also discuss what the rectangle is and how to identify it.
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Today we will talk about a strategy that is called "Cherry Blossom". Many traders unfairly forget it, but it can benefit you. My Asian forex mentor once showed me one of the best Asian session forex trading strategies. The main idea is the following: American session usually leads the way, and your open positions will follow the direction during the Asian one. You will also need Fibonacci retracement levels.
Slippage happened to all of us. No matter whether you trade currencies or stocks, commodities or crypto, slippage exists in these markets. Slippage is a common situation in crypto, as it is one of the most volatile markets, but it's also typical in Forex. That's why you have to know how to deal with slippage.
So, in a previous article, we talked about several techniques that you can apply to your daily trading. I hope you already tried to apply them and got your first positive results.
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