November 23, 2015
- in Uncategorized by schooloftrade
Price Action Trading The Wedge Pattern Breakout On Crude Oil Futures; SchoolOfTrade.com
Buying the Wedge Breakout allowed us to put away a gorgeous 170 ticks this morning on Crude Oil!
In today’s video we see Crude Oil Futures rocketing higher on Saudi news this morning creating a Wedge Pattern pullback.
This gave us an opportunity to buy the breakout and even add another on the channel for $1,700 on the trade!
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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. The early morning news caused a massive spike higher allowing buyers to take a nice profit taking push down and reload on the Wedge Pattern breakout. This also formed a rising bull channel that the market reacted to as well for an add-on to the trade!
Price Action Trading is all about knowing the day type and knowing how to trade it at the right place at the right time. The early morning news caused a massive spike higher allowing buyers to take a nice profit taking push down and reload on the Wedge Pattern breakout. This also formed a rising bull channel that the market reacted to as well for an add-on to the trade!
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