morning guys!
EURGBP is stuck on a key structure support level.
yesterday, once the market reached it, the price has started to consolidate and formed a classic candlestick pattern - inside bar.
0.8718 - 0.8688 is our current decision range.
six 4H candles are already within that range and to clarify the future direction of the pair we are looking for a breakout.
though the range can be broken to both sides I will be looking for a pullback trade and wait for a bullish breakout of the range (4H candle close above) to buy aiming at 0.8748 as the initial target.
however, in case of a bearish breakout, you can short freely and aim at 0.865 - next structure.
good luck!
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