March 7, 2016
- in Uncategorized by schooloftrade
Selling the Wedge FBH On Crude Oil Futures; SchoolOfTrade.com
Selling the FBH of the Wedge Pattern allowed us to pick up a solid move lower for 44 ticks this morning!
In today’s video we see the Crude Oil Futures attempting a breakout move through the highs of the wedge and failing miserably.
This gave us an opportunity to sell that failure back down for $440 on the move back to the LOD targets!
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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. Wedge Patterns on range days are traded almost exactly like the range itself. Look for failures and fade into them assuming they will not be successful and that is exactly what we had today!
Price Action Trading is all about knowing the day type and knowing how to trade it at the right place at the right time. Wedge Patterns on range days are traded almost exactly like the range itself. Look for failures and fade into them assuming they will not be successful and that is exactly what we had today!
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