So, I was watching the pound pairs earlier to see if i could see anything which might resemble a setup according to TTC rules. The GBP/CAD below, shows what appears to be a downward move, combined with an area of consolidation as seen on the hourly chart. It resembles a rectangle.
Moving down into the 1 minute chart, I noticed the price was approaching the top of that rectangle area, which is marked out with a purple line. I hadn't got around to marking out with the dotted lines as Rick previously said. Now, I didn't put it up at the time, because i wasn't confident that it would be a move to trade on in line with TTC. Watching to see if it would hit the area and break down again, it subsequently did, and in the direction of move shown in the first chart.
Now, i know this is after the fact, so, the next time i see something like, this, I'll try and put it up.
