CAC 40 – Role Reversal Setup Profits | Oct 6
CAC 40 – Sell Trade Setup Profits
Yesterday in our private members commentary, we suggested to look for a sell trade at the 4333 role reversal level, which acted as support 3x over the last two weeks before breaking.
As you can see from the 1hr chart below, this is exactly what happened, hitting the level, going 1 point past it, then selling off for +55 pips more allowing traders who pulled the trigger to be in a nice profit now. Congrats to all the members who profited from this trade setup as it was a low risk-high reward trade setup.
Anyone already short should have taken some profit and neutralized all the risk. If the selling continues, then another attack on 4235 is on deck. Below here, we have 4200 and 4127.
In the private members daily trade setups commentary, we also discuss the EURUSD price action structural change, the GBPUSD potential false break setup, the USDCAD levels to trade, what level we are watching in the USDJPY, and the heavy bounce in Gold today. To learn about becoming a member, click here.
Make sure to check out the Live Price Action Trade Setups with live trades from students and myself.
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