GBPUSD - Bullish Engulfing signal above flip zone resistance

GBPUSD has had a nice bull run recently. Price did gap down at the weekend, but yesterday a bullish engulfing candle formed indicating that bulls are still in command. The signal has formed above a s/r area and is aligned to the recent trend line. Things could get a bit choppy midway, but the next major resistance is around 1.3370, where H-resistance intersects with a downwards trendline.

Orden cancelada:

A Bearish engulfing candle now appeared. Looks like there is weakness. Order cancelled.