Ok, so it looks like GBPEUR is in a channel. Does it want to stay there? Let's find out. Planning to trade the breakouts.
Potential SHORT:
SELL at around 1.17900.
TP - 1.17200 (to test the previous low) and maybe lower. Reviewed closer to that time.
SL - 1.18200
Potential LONG (staying in the channel:
BUY at around 1.18100 (if candle closes above that)
TP - ideally 1.19450 (but you decide once you're in profit)
SL - 1.17900
Keep an eye on the price action!
Potential SHORT:
SELL at around 1.17900.
TP - 1.17200 (to test the previous low) and maybe lower. Reviewed closer to that time.
SL - 1.18200
Potential LONG (staying in the channel:
BUY at around 1.18100 (if candle closes above that)
TP - ideally 1.19450 (but you decide once you're in profit)
SL - 1.17900
Keep an eye on the price action!