Today’s Box trade idea is a short of the $EURUSD. Price is approaching a recent supply and demand area, which when last tested ran out of demand! That move also broke a trend line and there is every chance that by putting the Box over that area that if price rejects that area again we can make a profitable trade.
If a candle closes below the Box a trade will open with the stop above and a profit target (based on the average daily range) will be 49 pips. The Profit Lock will kick in after 40 pips and lock in 10 pips of profit.
For more on Box trading go to http://www.tradingthebox.com