Monday, August 22, 2016

Price Action Trading The Counter Break Of The Range On The Euro Currency Futures; SchoolOfTrade.com



We had a nice run higher in the overnight session after the bears gave up early in the morning. This push higher formed a small range which was looking for a directional fake-break for buyers to pick the move right back up again.

It is VERY important to stick with the trend and even when there is a setup that looks gorgeous, if it is counter trend, expect it to be lower probability. You can use this to your advantage when you know one side of the market is trapped to ram the market right back into their stops with the trend!


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