Forex Box Breakout Chart Pattern - Box Breakout Strategy

Forex Box Chart Pattern - Box Break Out Strategy

Forex box pattern is a trading range with narrow price action that forms a consolidation trading phase in market. The box 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 connected with horizontal trend lines that are parallel to one another. This box pattern forms over an extended period of time giving the box pattern its box shape.

A break out occurs when either of the trend line is penetrated and the range is broken - Box Break Out Strategy - Forex Box Breakout Chart Pattern - Forex Box Breakout Indicator.

An upside breakout is a buy signal - Box Break Out Strategy - Forex Box Breakout Chart Pattern.

A downside breakout is a sell signal - Box Break Out Strategy - Forex Box Breakout Chart Pattern.

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