The trade on CFD FUTURES WTI Maktet commonly known as Crude OIL. The price was moving in wedge from long time. We waited for the break of wedge and then placed an automatic order when the prices comes in we will be filled
This morning the price was moving very smoothly and all of the sudden sellers showed up to the party on NASDAQ and it fell aggressively. We trading on the safe side knew that it is a trap and since we trade price action makes more easy for us to identify it.As the Forex guru says patience pays you, we waited for the sellers to fail and then buying into the face of sellers all the way to hit Highs.