Monday, June 27, 2016

Price Action Trading The Bear Trend On Crude Oil Futures;

We came in today to find Crude Oil getting beat up a bit and sellers dominating the morning movement. This let us know that the ONLY thing we need to be doing is selling so wait for traps and good signals and sell on the way lower.

We had a nice correction back to the EMA where the sellers immediately began selling for any reason they could find with one of the best ones on a buyer failure to breakout above the EMA and prior swings which was smacked right back down again by the sellers!

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