Hi, I'm Chris Capre, founder of 2ndSkiesForex. I'm a verified profitable trader and trading mentor. As a professional trader, I specialize in trading Price Action and the Ichimoku cloud. As a trading mentor, I have one goal: to change the way you think, trade and perform using 18 years of trading experience and cutting edge neuroscience to wire your brain for successful trading. Want to improve your trading edge and mindset? Check out my trading courses here.
EURGBP – Sell Trade Setup At Role Reversal Level Profits | May 12
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.
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