In my last eurgbp position trade, I had outlined a long term downtrend in this pair, which was present in all timeframes, from monthly, down to 4h. This time, the same kind of sideways grind we saw before the last impulsive leg down started is starting to form again. I will enter short, with a stop at the 0.7424 mark, for a tight risk/reward, risking 1%. Good luck!