Browse By

EURAUD act according to boxes with price action trading

Drawing boxes a simple way to price action trading

Boxes present an awesome way of looking at price action and trend visually. The rules are clear:

  1. Rising trend requires rising lows
  2. New highs in an uptrend are great for extending the uptrend
  3. Falling trend requires falling highs
  4. New lows in a downtrend are great for extending the downtrend
  5. In an uptrend, previous highs are likely to become support
  6. In a downtrend, previous lows are likely to become resistance
  7. An expansion in the opposite direction is a clear sign of reversal
EURAUD 4-hour chart

Trading by facts rather than guts

Director, TerraSeeds Market Technician Pte Ltd. Trader, investor. @sohtionghum was picked ‘Top 70 Forex Twitter in 2015’. Operates multiple strategies.

“Dear reader, I do not have a financial license to give advice. I do not know you the reader. Your financial objective and risk tolerance may be different from mine. I am not responsible for any consequence of your action.

0Shares
Loading Facebook Comments ...

One thought on “EURAUD act according to boxes with price action trading”

  1. Ang Qing Xiong says:

    Simple to understand and follow!

Leave a Reply