How to trade consolidation with good entry

Описание: A rectangle consolidation is a chart pattern that occurs when the price moves sideways between two parallel support and resistance levels. Here's how to trade a rectangle consolidation:

-Identifying the Pattern
Look for parallel lines*: Identify two parallel lines or zone that connect the highs and lows of the price action.

-Check for multiple touches*: Ensure the price has touched each line at least twice.

Trading Strategies
*Buy at support*: Buy when the price breaks above the resistance level.
Sell at resistance*: Sell when the price breaks below the support level.
*Range trading*: Buy at support and sell at resistance.

Risk Management
Stop-loss*: Set a stop-loss order inside the rectangle.
Take-profit*: Set a take-profit target equal to the height of the rectangle.

Tips
*Wait for confirmation*: Wait for the breakout before entering a trade.
*Use multiple timeframes*: Analyze the pattern on multiple timeframes to increase confidence.


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