DislikedThanks for the chart 5.25. I'm still trying to understand box trading as Mike and james teach it. In your gpb/nzd trade it looks like price has clearly broken the box and I thought we would want to see price action close back inside the box or just above the support of the box, like in this recent chart James posted.
thanksIgnored
Usually when we see Price breaking and close below a strong Support level (like the multi-bar Low in this case) we will see this level transition to Resistance.
But in this case, Price failed to act as Resistance and reverted back to its Support level status . .chart . .that's what I believe 5.25 saw. . .Also the bullish PB didn't hurt . .
Indicators show the past. Price Action "Indicates" the future.