July 23rd $GBPUSD Box set of for Trend Week

July 23rd $GBPUSD Box set of for Trend Week

Trend Week continues and here is a nice trading opportunity where a pull back to an upward trend line would correspond with an area of support and resistance. Long trade placed on close above the Box following such a pull back. The bottom of the Box is the stop loss, so set where the trend line would have been broken completely. MTBE is 30 pips and trailing at 60. 100 pips target is well within range as the GBPUSD loves the 1.55 level!

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