EURGBP market is very bearish on all timeframes on the daily price recently broke below daily support with a strong bearish impulse, after a impulse you expect to see a correction and market to go and retest support as new resistance, also on the daily market has formed this over extended M giving us a overall upside correction target, we will be waiting for market to break above this downtrend and form a new higher high from a 1hr perspective also forming this nice inverted head and shoulders then we can look to take the intraday long position entry on the right shoulder.