The Euro British Pound contiuation?
Good morning Dynamic Traders,
Today I wish to continue with the EURGBP from yesterday.
Although not too much has changed the main event was a close below the V.I. as shown on the image below.
Price action has still got to break the former resistance zone for confirmation where ESLT can then be applied but for more aggressive traders it could be applied to yesterdays bar for a possible entry today, but as in line with your mentoring, being as this area is strong resistance, it is advisable to wait for the breach of all the opposing forces.
If again this is to be a FBO then your techniques will hopefully keep you out of trouble, but be expecting a break of the triangle which should lead to good profits.
As always please do your own analysis before taking any trades.
Charts courtesy of AdvancedGet.