{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eurgbp-trading-opportunity-price-action-commentary-johnathon-fox\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eurgbp-trading-opportunity-price-action-commentary-johnathon-fox\/","headline":"EURGBP Trading Opportunity | Price Action Commentary | Johnathon Fox","name":"EURGBP Trading Opportunity | Price Action Commentary | Johnathon Fox","description":"There are many solid trends in place in the Forex markets at present time. Trending markets can be both the easiest and most profitable to trade. The reason for this is because there is a clear direction the market is moving in and it can simply be a case of jumping\u00a0aboard\u00a0and riding the waves for […]","datePublished":"2013-02-04","dateModified":"2019-08-04","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2013\/02\/EURGBP-Price-Action-Forex-School-Online.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2013\/02\/EURGBP-Price-Action-Forex-School-Online.png","height":"351","width":"628"},"url":"https:\/\/forexschoolonline.com\/eurgbp-trading-opportunity-price-action-commentary-johnathon-fox\/","about":["Price Action Charts in Focus"],"wordCount":214,"articleBody":"There are many solid trends in place in the Forex markets at present time. Trending markets can be both the easiest and most profitable to trade. The reason for this is because there is a clear direction the market is moving in and it can simply be a case of jumping\u00a0aboard\u00a0and riding the waves for traders.One such pair that has been in a solid trend of late is the EURGBP. On the daily chart we can see from left to right price has been making higher highs and higher lows. This is\u00a0indicative\u00a0of an up-trend. The more obvious the trend the stronger they tend to be.With trending markets we don’t just want to jump in anywhere and hope for the best. We still want to be entering from value areas that also coincide with either support or resistance.Looking at this chart to identify where an entry may be found within this up-trend, we can see that price has recently found minor resistance. Should price move back lower to test this resistance level, it could act as new support and give price action traders the chance to get long and ride the possible next up leg higher. See chart below: EURGBP DAILY CHART – 3RD FEBRUARY 2013  "}