This week is “Trend Week”, where we look for with trend trades and use the Box to trade them for us. Today is a great example of two trends and ‘make your mind up time’. If the longer 4hr down trend holds, then a close below the Box on a 1hr chart will open a sell trade, if the more recent 1hr trend hold then a break will trigger a long trade and if price stays in a tight trading range then no trade will be triggered. Move to break even is set to 30 pips, trailing kicks in at 60 pips profit and the target is 100 pips.
A good example of the Box trading what it sees happening, not what it thinks might happen!