GBPUSD MARKET ANALYSIS

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Hello traders, it has been quite a profitable week with the previous pairs EJ and GJ and now I'm indulging into the GBPUSD market. Into the charts, price rallied to a major H4 & daily supply zone at 1.24315 & 1.23422 which is the origin of the previous drop to the H4 & daily demand zone at 1.18530 & 1.17548. Price has filled the H4 & daily range from the major H4 & daily supply to the H4 & daily demand zone and back to the H4 & daily supply zone. Price rallied into supply and formed strong rejection wicks on H1 & H4 with candle closes inside supply followed by a slight drop to 1.23400 with candle close below supply.
Took sell positions during NY session at 1.24184 with SL at 1.24540. Setup taken is a rally base drop, a reversal setup and my target is at the H4 low at 1.21000.














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