Thursday, April 4, 2013

Crude Price Action: Crude hits support 04/04/2013

At the start of the day's trading session,Two Pin bars were spotted off the dynamic support, seeming to imply that lower prices were being rejected, however, a counter entry was made in the Trade Room instead. I gave a call to sell the pair instead based on some other factors like the poor risk/reward ratio. The Trade cam out with a 200pips profit for our trouble eventually. Setups like this are what I concentrate on teaching in my advanced Price Action Course.

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