December 3, 2015
- in Uncategorized by schooloftrade
Price Action Trading The Crude Oil Futures Channel; SchoolOfTrade.com
Selling the exhaustive channel highs allowed us to put away a gorgeous 232 ticks this morning!
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In today’s video we see Crude Oil Futures pushing into the channel highs where we see total failure and exhaustion from the buyers.
This gave us an opportunity to sell the move back up for $2,320 on the move right back down to new 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. We have a nice channel working higher all morning that we found ourselves at the high of once again leading into a blow-off of the highs tipping its hat to a bit of exhaustion. Once the follow-up move confirmed the exhaustion if price comes back, I am looking to sell it!
Price Action Trading is all about knowing the day type and knowing how to trade it at the right place at the right time. We have a nice channel working higher all morning that we found ourselves at the high of once again leading into a blow-off of the highs tipping its hat to a bit of exhaustion. Once the follow-up move confirmed the exhaustion if price comes back, I am looking to sell it!
Don’t forget to join our newsletter on the left side of our blog at www.SidewaysMarkets.com as well. I will send you more simple ways to earn profit just like this to your email inbox!
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