Thursday, April 23, 2015

Price Action Trading The Euro Currency Futures Channel Pattern;

Buying the first channel test allowed us to pick up a phenomenal move higher and 104 ticks along the way!

In today's video we see the Euro taking a deep pullback to the channel with a bit of a stop run low into immediate buying.

This gave us an opportunity to buy the test and put away $1,350 on the trade with only 4 contracts!

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Channels are my absolute favorite price setups and when you get a setup this good looking in combination with the Flag Pattern, you almost HAVE to jump on board and you can see why! It immediately rockets up into targets without any hesitation.

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