EURGBP – Trading the Price Where It Is, Not Where You Want It toEuro/British PoundFX:EURGBPJergaGWhen trading price movements, traders always strive to determine where the price will go. This compulsion leads most of them to close losing positions! The strong urge that comes from this — that price must do what the trader predicted — is what ruins the position. Price must always be handled as and where it is! This we know. This is certain. Until 2016, EURGBP was my favorite pair. I traded it with a very well-functioning and manageable strategy. However, Brexit changed its movement. In the 9 years since, I haven’t given up, and I’m still a trader! A trader who builds everything around personal development. Thanks to this mindset, I can use the simplest strategy. I always analyze the chart based on existing information and make decisions according to the levels visible there. The entry point is not the most important! Our exit point is what matters! Because if that’s in profit, then even 100 points can be enough as annual profit. You just need a high lot size for that. But if you knew you’d have 100 points, how much would you risk? A lot! Everything… So in the image, you can see the “sideways” channel formed over the past 9 years of EURGBP, yet you can still identify a series of lower highs and lower lows. Currently, it’s moving within a 600-point range upward from the most recent low after the confirmation of the latest high. It's now only 200 points away from that point. If a new lower high forms here, then in time, price could close below the previous low. A tight stop can be used at this entry point and a very large limit. I aim to achieve a 1:20 position with this trade this year. Follow the price, and if proper confirmation occurs, a short entry may be made.