EURUSD Price Action – Sell Trade Setup Profits Heavily | Apr 7
EURUSD – Sell Trade Setup Profits Heavily (4hr chart)
Recently in our members commentary, we talked about selling near the key resistance level on the Euro. Yesterday we posted the chart of our short at 1.1030, which at the time was up about +90 pips.
Today the price action sold off further, almost touching the 1.08 handle before ending the day. We hit our take profit just above here and are now flat with well over +5R on the trade.
We are happy to sell back at the same resistance zone and remain bearish biased MT till we have a daily closed above this level. Below 1.0730 puts pressure on the bids stacked around 1.0630.
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