XAUUSD Box Breakout Indicator
Box Break-out Strategy
Gold box pattern is a range with narrow price action which forms a market consolidation period in gold trading market. The box trading range is defined by 2 parallel trend lines that are horizontal & indicate the presence of support & resistance.
For this box chart pattern, price forms multiple highs & lows that can be then connected with horizontal trend lines which are parallel to each other. This box setup forms over an extended time period giving the box setup its box shape.
A break out occurs when either of the trend line is penetrated and the range is broken - Box Break-out Strategy - XAUUSD Box Breakout Chart Pattern - XAUUSD Box Breakout Indicator.
An upside breakout is a buy signal - Box Break-out Strategy - XAUUSD Box Breakout Pattern.
A downside breakout is a sell signal - Box Break-out Strategy - XAUUSD Box Breakout Pattern.
Box Break-out Strategy - XAUUSD Box Breakout Chart Pattern - XAUUSD Box Breakout Indicator - Gold Box Breakout Indicator Meta Trader 4 - Box Indicator XAUUSD - Gold Consolidation Box Indicator MT4 - Gold Box Chart Pattern Trading
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