AlkalineFX

GBPUSD: Equal Low Wipe

Long
FX:GBPUSD   British Pound / U.S. Dollar
Once we cleared liquidity from the equal low we began to shift momentum to the upside.

Price has returned to the area of the impulse to mitigate before shooting off again.

We are likely to see liquidity now being taken from sellers from either the break and retest level or the descending trendline.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.