Price Has Moved Back Into Sideways Box

As we have discussed at length in recent times about this market; price is right back in the range that it was trading within a month ago.

As the daily chart shows; price was previously trading within a pretty clear box pattern and now once again we have a very similar box pattern playing out.

After forming a bullish pin bar at the range support level, price is looking to move back higher.

Whilst this box pattern continues to hold we can look to play both long and short trades at the key range support and resistance areas.