AlkalineFX

EURGBP - Breakout Trap

Long
FX:EURGBP   Euro / Livre Sterling
Before breaking out we created a smooth support level for breakout buyers to place their stops at.

This of course got purged before continuing higher.

Now that the majority of liquidity has been taken from this area we should see the next fluid move to the upside.

I want to see how price rejects at this current level, my only concern is the weekly low nearby that may want to be taken out.

I will keep you all updated.

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