EUR/GBPhere on the Euro/ Pound (EUR/ GBP) we have a nice crab pattern i drew out the other day (Sunday I think) and i have been waiting to enter the trade and missed my opportunity for the type 1 move so now im waiting for the T2 move. the trade is currently 20-ish pips in profit for the T1 setup! the yellow line is the HOP for this pattern. based on the COT report once this trade looks like its reversing take your pips and get out. the COT suggest that the Euro is to move up and the pound is to move down. So, this is a contrarian trade and to be managed automatically due to the large orders for both pairs based on the COT.
