Get Mark Chapman’s Free Trapped Traders Calls – Click here:
The trap we’re going to look at today is what I refer to as multiple structure failure traps, which occurred in this area here. Traders at the hard right edge would’ve believed after this strong move down and a pullback into prior support that this would act as resistance, and indeed it did momentarily and traders came in, taking those positions.
But no sooner did they do that, the market has reversed, trapping those traders in those short trades. So, after this pullback, this actually looks like a pretty good place to get long, but make sure oil is continuing to strengthen and you should do just fine.
Disclaimer:
This video is for general information only and is not intended to provide trading or investment advice or personal recommendations. Any information relating to past performance of an investment does not necessarily guarantee future performance. Forex Traders Daily including its analysts shall not be responsible for any loss that you incur, either directly or indirectly, arising from any investment based on any information in this video. Please remember derivatives and FX spot carries significant risks and may not be suitable for all investors. Losses can exceed your deposits.
コメントを残す