Rectangular Consolidation Pattern on Mini Corn Futures :)

30 Nis 2018

This is after the trade took place but I just wanted to show everyone a clear example of a rectangular consolidation pattern breakout. We first find the consolidation pattern on the weekly chart. Then we take the trade on the Daily Chart as it is breaking out of consolidation box. Place your STOP LOSS at the bottom of the candle that gets you into the trade. Then place your TARGETS at the previous swing high on the Weekly chart. By doing this we get the best Risk to Reward Ratio! :) We like that!