EURGBP bullish day

Good Evening Dynamic Traders

The EURGBP has bounced up today giving us a bullish engulfing candle at a key support level. An additional confluence to add to the support cluster was the TL support - you may have encountered this when doing your own analysis. All these elements proved too strong for price today resulting in a significant move for the bulls.

Depending on your trading appetite, an appropriate strategy can be chosen from your dynamic toolbox for entry - there are multiple confluences in favour of a trend continuation helping us to strengthen our trading odds. However, note the TL and resistance level price will have to face should it wish to continue up to resume it's trend. So be prepared for some possible resistance.
















Here's to great trading!
Sonia Molina