As we can see, EURGBP is currently in consolidation. As we move on I'd like to see a break and retest for me to enter the trade. 1. wait for break out of consolidation zones 2. wait for a retest back to the zone 3. once price rejects off of the zone, I will wait for 2 consecutive 15 minute candles (bull or bear) in order for me to enter.
Placing a 20 Pip stop loss as well as a 20/30 pip TP Risk 0.01 per $100 in account!! Just an idea :-)