GBPUSD – Price Action Trade Setup Profits | Nov 3
NOTE: We are now down to 14 seats left for our London Trading Seminar on Nov 14/15 so make sure to get your’s as this event has a max capacity and will fill up.
Click here to see what you’ll learn in this course, why it will improve your trading and change your mindset completely.
GBPUSD – Sell Setup Rejects & Profits (4hr chart)
In our weekly members trade setup commentary, we talked about a sell setup at 1.5500 with a tight stop offering a good risk to reward trade. As you can see from the chart below, this is exactly what happened with the pair dropping about 150 pips pips before bouncing.
We actually did a trade video on this which we’ll be publishing tomorrow (assuming the video editor completes it) showing my entry, stop loss, take profit and price action context behind the trade so stay tuned.
For now, I’m keeping my range bias till we get a daily close above the ‘big figure’ at 1.55.
Want More? My private members get all my trade ideas & market commentary up to 3x per week. Click here to become a member.
Want to Learn Price Action Strategies for Trading Forex?
Sign Up for our Monthly Newsletter and Get our FREE E-Book