EURGBP: Structure Based Trading Plan

EURGBP has reached major daily structure support.

In 2020 we saw strong swing moves from that key level.
With a high probability, we will see a similar reaction this time.

To catch a bullish wave, follow a falling parallel channel on hourly.
We need a breakout of its resistance to confirm the shift in the market sentiment.
Only then a long trade can be initiated with an initial goal - 0.8925.

In case if the price drops below the underlined support on daily, setup will be invalid and the pair will most likely keep falling.


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