Jan
14
EUR/USD 15M reversed at 12:20 AM PST
Even though I did not trade this Range Box Reversal tonight it is an important post as this trade occurs repeatedly and often occurs around this time of night. Tonight it was a fast 100 plus pip move.
Always keep the box reversal trade in mind and watch for reversal candles as you are waiting for box breakouts.
A high probability way to trade a range box reversal larger than 80 pips is to enter and exit 30% from the edge, taking the center 40% as your trade. Update… see the example from March 22nd below where a pair traded through this zone 14 times that friday.
March 22 09 GBP/USD 15M
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