This EURGBP Chart shows price is consolidating at an area of support.

The trade idea I would like to provide you with is to wait for price to break out of this yellow range shown on the chart.

Should you be given a retest of the area of the outbreak then take a trade in the same direction.

The risk reward for the trade should be interesting too where the target would be the higher area of resistance or the lower area of support as indicated with the green arrows.

The stop should be placed over or below the yellow range depending if you are a bear or bull.

Best of PIPS.

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