Monday, June 6, 2016

Price Action Trading The Wedge Breakout On Crude Oil Futures3; SchoolOfTrade.com



Today we see Crude Oil in a relatively obvious wedge since the EU session took hold. This gave buyers and sellers the opportunity to fade either side for failure moves. We then saw a VERY strong breakout of the normal movement you would expect.

This breakout movement told buyers that the market was poised for a move higher and potentially quite aggressively given the amount of strength that came into the market to form such a strong bull breakout candle!

===========================================================
Test-Drive our Advanced Membership  Click here to register for the Free Trial!
Are you a Crude Oil Trader? Click here to trade Crude Oil
Are you a Euro Trader? Click here to trade Euro
Are you an E-Mini Russell Trader? Click here to trade E-Mini Russell
Are you a Gold Trader? Click here to trade Gold
Join the Premier trade-room as an Advanced Member

No comments:

Post a Comment

Thank you for your comment! Your comment will be reviewed and posted asap, thank you for your patience.