The EURGBP tends to move slowly and it doesn't have the range of the majors most days, but it can be a very tradeable pair.  It tends to be less volatile than the majors too and at times trends very nicely.

This trade set up producing a familiar entry.  The pair moves a few pips against us for the first hour, then begins its descent - stair stepping down.  We close the trade just above the Asian session low as the UK traders end their week.  Price subsequently moves down to our Target 1 without us.  The move was modest, but each pip is worth more than 1.5 pips of a USD cross... so not a bad trade to end the week.

Good luck with your trading!

Back Tuesday if we find a trade.

Enjoy your weekend!

Michael  www.privateforexcoaching.com