Attached is the 15M chart of EURGBP. It is an updated chart and there you can see the region C which i had marked off yesterday. You can see that after C, the price broke into the control bar region and travelled to 8796 which is exactly the close of the control bar B (seen in my chart from the other article). This was also the TP2 which i had specified in my previous article.
Price then move back up, broke thru the high of the control bars, which acted as resistance, then retraced back and then you can see some consolidation in region D. This is a clear sign that further upmove can be expected. Thats what followed and we see that EURGBP has moved very high further up. You could have made 60-70 pips over 14 hrs just through these 2 setups. With very low DD as well.
Price then move back up, broke thru the high of the control bars, which acted as resistance, then retraced back and then you can see some consolidation in region D. This is a clear sign that further upmove can be expected. Thats what followed and we see that EURGBP has moved very high further up. You could have made 60-70 pips over 14 hrs just through these 2 setups. With very low DD as well.
