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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Buddhist, Trader and Philanthropist

I'm Chris Capre, Founder of 2ndSkiesForex. I help traders of all levels change the way they think, trade and perform. As a professional trader, I specialize in trading price action. As a teacher, my passion lies in showing you how to re-wire your brain for successful trading. Want to improve your edge right now? Visit my Price Action Course page.

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