March 23, 2015
- in Uncategorized by schooloftrade
Trading the Channel Pattern On Gold Futures; SchoolOfTrade.com
Buying the trap test lows of the channel allowed us to put away a solid 80 ticks this morning on the Gold Futures
In today’s video we see Gold coming down to test the channel lows and trap in the sellers BIG TIME down there.
This gave us an opportunity to buy the failure back up and put away $800 on the trade for a beautiful move higher!
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Channels are by far my favorite when it comes to trading Price Action and these trapped lows really driving the sellers out of the market can produce some absolutely picture perfect setups as we saw in this trade!
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