December 1, 2014

Price Action Wedge Trading The Gold Futures; SchoolOfTrade.com

Buying the wedge breakout while resistance was failing allowed us to smash a HUGE winning trade of 213 ticks this morning!
In today’s video we see Gold retesting resistance from before and consolidating down into a wedge at that level.

This gave us an opportunity to buy a break of that range and bag a MASSIVE winner of $2,130 on only 2 contracts!

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Spiking candles can give a HUGE amount of information and this is a perfect example of that! We have the initial spike retest which held but prices never dropped lower. This gave us a big clue that the buyers were still interested in it and allowed us to make some serious profit because of it!

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