Frankfurt / early London on EURGBP is a different animal to EURUSD. Spreads can be honest, but the drive is often slower and more level-respecting — until a UK or EU data print turns it jumpy. I am trying to keep my playbook short and curious what still works for others.
Setups I will consider (not holy rules):
- Clean reject of overnight high/low with M5 confirmation, not M1 noise
- Post-open range that forms after the first spike settles
- Skip if GBPUSD and EURUSD are both mid-impulse in opposite directions — EURGBP becomes residual chaos
What do you actually click on EURGBP around that open — and what do you refuse even when it looks pretty? Pair specialists welcome; tourists like me need the scars.
