July 25th $USDJPY Box trend trade set up

July 25th  $USDJPY Box  trend trade set up

Today’s Box trade idea for Trend week is an upward bounce out of an area of support which aligns with the trend line. I have set the profit target to be the retest of a recent high. The Box is set quite deep to allow for a price spike below that trend line. FYI The Box will keep looking for this trade until the latest candle is to the right of the Box, which allows you to set a time limit when waiting for a trade set up.

Find out more at http://tradingthebox.com

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