March 9, 2016
- in Uncategorized by schooloftrade
Selling the range breakout failure on Crude Oil Futures; SchoolOfTrade.com
Selling the complete shutdown of the buyers at the breakout attempt of the range this morning for 95 ticks!
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In today’s video we see the Crude Oil Futures attempting a breakout through the range highs but failing miserably on their continuation.
This gave us an opportunity to sell that failure back down for $950 on the move back to the lows!
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Price Action Trading is all about knowing the day type and knowing how to trade it at the right place at the right time. Ranges are some of the most predictable price structures around and they can also be the most forgiving since they almost always come back for you. Always look to fade range breakouts until proven wrong and this is a great example of why!
Price Action Trading is all about knowing the day type and knowing how to trade it at the right place at the right time. Ranges are some of the most predictable price structures around and they can also be the most forgiving since they almost always come back for you. Always look to fade range breakouts until proven wrong and this is a great example of why!
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