Technical analysis trading comes in many different varieties and favours. There are trend lines, elliott waves, breakouts, pattern formations and so forth. Today i introduce another concept in technical trading. It is called trading in the box. Using price action, i have drawn 2 boxes. NZDJPY was trading in box 1. And now it has jump up and is trading in box 2. So the key to trading NZDJPY is to trade within box 2. Buy near the bottom of the box, and sell close to top end of the box. Rinse and repeat. Until NZDJPY decides to move out of the box, into another new box.
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