Wednesday, February 11, 2015

Price Action Trading Flag and Channel Breakout On Gold Fuutres;

Selling the breakout into a retest of the channel as well as the Flag Pattern breakout allowed us to bank a quick 87 ticks this morning on the Gold Futures!

In today's video we see the Gold breaking out of a previous bullish channel as well as setting up a FLAG Pattern Short.

This gave us an opportunity to sell the retest and breakdown to bank a solid $870 on the move lower!

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Combination patterns like this where you get into a trade and you have yet another setup happen confirming your initial trade can make things MUCH easier on you. They don't happen often when they do but they can produce some seriously explosive moves!

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