Possible Uptrend Starting for EURUSD

Possible buy for EURUSD. Price is moving between a parallel trend line channel and has recently reached a local support zone as well as the support trend line of the trend line channel. This indicates a long bias. I have placed a trade with a stop loss just below the trend line channel to account for any fake breakouts of around 40 pips and a take profit of around 150 pips. Keep an eye out for updates. EURUSD

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40 pip stop loss hit, price broke trend line therefore invalidating the trade