EURGBP – Sell Trade Setup At Role Reversal Level Profits | May 12

Verified Profitable Trader

EURGBP – Sell Setup @ RRL Profits (1hr chart)
Yesterday in the daily members commentary, we suggested selling the EURGBP at the role reversal level of 7225. The pair literally went 1 pip higher, then sold off for over +65 pips (which are almost +110 since the value of this pair per pip is higher).

Congrats to the members who shorted this as you are in a nice profit now and were virtually never in the negative.

This also shows the power of not waiting for confirmation in the form of a price action signal.

ST this level holds the bulls in check. A daily close above here negates the bearish bias. Downside am still looking for an attack on 7030.

eurgbp

Watch my latest video How the Typical Pin Bar Entry is a Retail Entry

Want More? My private members get all my trade ideas & market commentary 4x per week. Click here to become a member.

Related Article