May 19, 2015
- in Uncategorized by schooloftrade
Price Action Trading The Flag Breakdown On Crude Oil Futures; SchoolOfTrade.com
Selling the confirmed breakdown of the Flag Pattern allowed us to pick up a beautiful 124 ticks this morning!
In today’s video we see Crude Oil getting slapped lower in the morning session and flagging out on assumed profit taking from the sellers.
This gave us an opportunity to sell the breakout retest of the Flag Pattern and pocket a beautiful $1,240 in just under 5 minutes on the trade!
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Flag Patterns are VERY powerful continuation signs and when you see them setup this perfectly including the breakout retest with a failed close inside the Flag, you absolutely HAVE to take the trade and you can see why. We barely blinked and our targets were getting filled!
Flag Patterns are VERY powerful continuation signs and when you see them setup this perfectly including the breakout retest with a failed close inside the Flag, you absolutely HAVE to take the trade and you can see why. We barely blinked and our targets were getting filled!
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