EURGBP (1H) — Bullish Continuation (Pennant)EUR/GBPOANDA:EURGBPRegimeWorksContext / HTF Permission: Higher-timeframe bias remains bullish, so I’m only interested in continuation setups that align with trend structure (buy-the-dip / buy-the-break, not counter-trend guessing). Structure Observed: Price printed a clean flagpole (~130 pips of impulsive expansion). Since then, price has compressed into a pennant (tightening range / lower volatility), which is a classic continuation condition when it forms after expansion. Execution Plan (Rule-Based): I’m not buying inside the chop. I want confirmation via a break. Entry trigger: Place a buy stop at +10% of the flagpole length above the pole high. With a ~130 pip pole, 10% = ~13 pips. So the trigger sits roughly ~13 pips above the flagpole high (filters noise and forces acceptance). Risk Model / Management: Stop-loss: Defined at invalidation (beneath the structure / pennant failure zone). No widening after entry. TP1 (Protection): 1R (equal to the pips risked). Once TP1 hits, I move SL to break-even (capital protection is the priority). TP2 (Continuation Target): 90% of the flagpole. ~130 pips × 0.90 = ~117 pips objective (measured from the breakout/trigger area). Why this is a RegimeWorks trade: This isn’t prediction-based — it’s permission-first execution: HTF trend alignment + expansion → compression → only participate if price proves continuation through a clean trigger. Invalidation / No-Trade Conditions: If price breaks down from the pennant and closes weak / fails to reclaim the structure, the continuation thesis is invalid. No revenge trades. Not financial advice. This is a structured trade plan for educational purposes — execution only occurs if the trigger conditions are met.