Monday, January 11, 2016

Price Action Trading The Flag Pattern On Crude Oil Futures;

Buying the Flag Pattern Breakout at the channel lows gave us an explosive move up for 112 ticks on the trade!

In today's video we see a Flag Pattern pullback coming right in to channel support with a breakout and re-entry area long.

This gave us an opportunity to buy the later entry for a cool and easy $1,140 on the trade back to highs!

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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. Flag Patterns can be phenomenal setups to get into and when you have such a strong bull market as well as another area of support in the channel, it sure is hard to resist that good of a long setup!

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