Focusing on the Active European Session:

1. EUR/GBP - Range Reversal:

* Idea: The EUR/GBP currency pair has been trading within a relatively tight range recently. Look for potential reversals at the established support or resistance levels.

* How to approach: On an hourly chart, identify clear support and resistance. As the price approaches these levels, watch for signs of rejection, such as candlestick patterns (e.g., pin bars, engulfing patterns) or divergence on oscillators like RSI or MACD.

* Example: If EUR/GBP approaches the established support level (e.g., 0.8550) and forms a bullish pin bar while the RSI enters oversold territory, a long position with a target near the resistance level (e.g., 0.8600) could be considered.

* Risk Management: Place a stop-loss order just below the support level for a long trade or just above the resistance level for a short trade.

2. German DAX (GER40) - Following Early Session Momentum:

* Idea: Observe the initial price action of the DAX during the European opening hours. Identify the dominant short-term trend.

* How to approach: Look at the 15-minute or 30-minute chart to determine the direction of the early momentum. If the price has been steadily rising with increasing volume, consider a short-term long position, aiming to ride the trend. Conversely, strong downward momentum could present a shorting opportunity.

* Technical Confirmation: Use a short-term moving average (e.g., the 20-period EMA) to confirm the trend. A price consistently trading above the EMA suggests upward momentum.

* Risk Management: Use a trailing stop-loss to lock in profits as the trend progresses and limit potential losses if the trend reverses.

3. FTSE 100 (UK100) - News-Driven Opportunity:

* Idea: Check for any significant economic news releases or company-specific announcements from the UK that could impact the FTSE 100.

* How to approach: Monitor financial news outlets for any market-moving events. If a significant positive announcement is released, look for potential buying opportunities in relevant stocks or the index itself.