April 2, 2015

Price Action Wedge Breakout Trading The Crude Oil Futures; SchoolOfTrade.com

Buying the FOBO of the wedge lows allowed us to pick up a gorgeous trap trade higher for 127 ticks!

In today’s video we see Crude Oil attempting to wedge out and break the lows which quickly failed back higher.

This gave us an opportunity to buy the breakout trap back higher and put away a solid $1,270 on the trade!

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Wedges can be VERY strong formations in price and can offer up some seriously huge moves — especially when people are trapped on the wrong end of it!


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