Forex Trade Idea: EURGBP Buy Setup In Profit, ST Bullish | Dec 17

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Chris Capre’s current live open price action & ichimoku trades: GBPUSD, SUI20, CORN, USDMXN, CHRW, NZDCAD

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EURGBP – Buy Setup Off Support In Profit, ST Bullish (weekly chart)

Price Action Context

In our market commentary a couple weeks ago, we suggested buying the EURGBP off the structural 3 year support zone around the 83 handle.

Late last week the pair hit this level, and over the last few days bounced heavily off that support, now over +190 pips higher.

Congrats to all the members who profited from this trade setup.

eurgbp support zone 2ndskiesforex

Trending Analysis

ST bullish while MT bearish as long as the price action stays contained within this wide corrective structure.

Key Support & Resistance Levels

R: 8500, 8945

S: 8303, 8251

Stay tuned to the members market commentary for updates.

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