On
EURGBP
, the price is in consolidation zone for last few days and there is no clear direction of a trend on 1H bars. There is a key zone area at 0.7341, because the price has reacted on that zone already few times; it getting close to that zone and it is more likely that that level would act as support at this case.
In addition, Bat pattern appears which finishes its D leg close to key level (0.7341). This increases probability of this set-up. Also, this trading opportunity has really nice risk reward.
T1. - 38.2%
T.2 - 61.8%
EURGBP
, the price is in consolidation zone for last few days and there is no clear direction of a trend on 1H bars. There is a key zone area at 0.7341, because the price has reacted on that zone already few times; it getting close to that zone and it is more likely that that level would act as support at this case. In addition, Bat pattern appears which finishes its D leg close to key level (0.7341). This increases probability of this set-up. Also, this trading opportunity has really nice risk reward.
T1. - 38.2%
T.2 - 61.8%