Thursday, April 16, 2015

Price Action Trading The Euro Currency Futures Spike and Flag Pattern;

Buying the deep pullback on the Euro this morning allowed us to bank a massive 135 ticks this morning!

In today's video we see the Euro fading off the highs out of the Flag and into a Fake-Break of the range lows for a long setup.

This gave us an opportunity to buy lows back up and put away a beautiful $1,687.50 on the trade!

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Combination patterns are really where you end up getting the absolute best moves and when you have a Flag counter breaking after a spike, a deep pullback after a spike, and a fake-break of the range lows after a spike... there are SO many things telling you to get long, it is just a matter of how much you want to make on the trade at that point!

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