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.

Read our latest article A Trading Mindset: Books to Give You A Mental Edge.

Want More? My private members get all my trade ideas & market commentary up to 3x per week. Click here to become a member.

Verified Profitable Trader

Hi, I'm Chris Capre, Founder of 2ndSkiesForex. I've turned $3,000 into $83,000 in my first 6 months of trading. I'm a verified profitable trader and trading mentor. I help traders of all levels change the way they think, trade and perform. As a professional trader, I specialize in trading price action and the Ichimoku cloud. As a trading mentor, I have one goal: to change the way you think, trade and perform using 18yrs of trading experience and cutting edge neuroscience to wire your brain for successful trading. Want to improve your trading edge and mindset? Check out my trading courses here.

Related Article