Attached is the chart for EURGBP. My charts will look a bit different than the other charts that you normally see. My charts are based on price rather than time and thats the reason.
Anyway, as you can see, this pair has been ranging for quite sometime with the top at around 0.8850. As it is in a range, this is not the ideal time to trade this pair. The best time would be when it breaks the range (either 0.8850 top or the 8760 bottom). But i feel that the pair is quite weak and so i have taken a short at 8803 with SL of 50 pips and i expect a target of around 8700.
Those who wish to have a safe trading strategy can wait for a break of the range and then take the trade. If the top is broken, expect 8900, if the bottom is broken, expect 8700.
Trade safe!!
