GBPUSD – Price Action Trade Setup Profits | Nov 3

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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┬áso stay tuned.

For now, I’m keeping my range bias till we get a daily close above the ‘big figure’ at 1.55.

gbpusd price action

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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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