GBPUSD – Buy Trade Setup From Corrective Zone Profits | May 13

GBPUSD – Buy Setup From Corrective Zone Profits (1hr chart)
Yesterday in the members trade setups commentary, we talked about ST support coming it at 1.5645 being the bottom of the corrective zone as a potential trade location to buy.

As you can see from the chart below, this held 4x before pushing the pair about +100 pips higher, so congrats to the members who profited from this.

For now, my ST line in the sand for bulls is around 1.5558. Only a daily close above here negates my ST bullish bias. Upside I’m still expecting 1.5825 to be hit.


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 up to 3x per week. Click here to become a member.

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.

Related Article