EURUSD – Corrective Price Action Setup Profits | Oct 29th

Verified Profitable Trader

NOTE: The Advanced Traders Mindset Course just launched yesterday as we’ve added 8 new lessons for the V2 launch. This is likely our last roll-out and will be closing it down publicly come December 31st, so make sure to join before then.

Take a look at the ATM course page here if you want to re-wire your brain for success.

EURUSD – Sell Trade Idea Near 1.11 Profits Heavy (1hr chart)
As we talked about in our members commentary on Tuesday, we were bearish and looking to sell near the key resistance at 1.11. This was based on the corrective price action structure and the key level lining up.

As you can see from the chart below, this is exactly what happened with the pair getting within pips of the 1.11 handle, then dropping 200 pips to our first target in less than a day.

Congrats to the members who profited from this as you don’t have to wait for weeks for trades to materialize. The bounce recently suggests more strength so I would not look to sell till 1.11 at the earliest. Only a daily close above 1.1175 negates my bearish bias ST.

eurusd price action

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

Related Article