GBPUSD MARKET ANALYSIS

 Good morning traders, it's another amazing week meaning a start of fresh opportunities in the financial markets and its our obligation as traders to take advantage. Into the markets, I'm looking at GBPUSD where price rallied back to the key H1 & H4 supply zone at 1.25742 & 1.25382 which was a previously broken demand zone. The key H1 & H4 supply zone is also the origin of the drop to the H1 low at 1.244300 hence filling the H1 range from the key H1 & H4 supply zone to the H1 low at 1.24430 and back to the key H1 & H4 supply zone. Price retraced to retest the supply zone at 1.25400 before a continuation of the drop lower to the next H1 low at 1.24430. Price retraced to retest supply and failed to get to supply causing a drop during London session to 1.24700 after which price rallied back to supply for a proper retest. Took sell positions during mid-London session at 1.25400 with SL at 1.25650. Setup taken is a rally base drop, a reversal setup and my target is at the H1 & H4 demand zone at 1.23971 & 1.23488.