EURGBP – Sell Setup At Key Resistance Level Profits | Jan 20

EURGBP – Short Trade At Resistance Profits (4hr chart)
Yesterday in our members commentary, we talked about selling the EURGBP at the multi-year resistance level 7680. As you can see from the chart below, the pair went right to this level, then about-faced with bears taking control.

Anyone who traded this would be in a handsome profit now.

Short term we are in a range, parked just above the key support at 7612, where a prior pin bar formed. If this level holds, then play the range. If it fails, look to get short on a breakout retest setup targeting the key levels from yesterday’s commentary.

eurgbp

Also in today’s trade setups commentary, we cover the GBPUSD, USDCAD, NZDUSD & DAX. Click here to become a member.

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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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