EUR/GBP HPF
There is a potential High Probability Funnel (HPF) forming here on eur/gbp as we are looking for the completion of the low 3. Target area is projected by measuring the width of L1 to H1 and projecting it from where the market breaks the funnel.
If you want to play it as 2 target trade then Target 1 would be a retest of H1. These setups are very high probability and very high R/R. Stop Loss goes just below the support line or below L2 whichever one you prefer. If the market breaks L2 the funnel is invalid.
If you want to play it as 2 target trade then Target 1 would be a retest of H1. These setups are very high probability and very high R/R. Stop Loss goes just below the support line or below L2 whichever one you prefer. If the market breaks L2 the funnel is invalid.
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