GBPUSD has made an attempt to break above a major resistance at 1.2700 but failed. After that failed attempt we saw some lower market structure being created on the 4h timeframe to the the point that we recently broke our support at 1.2370. The break and re-test scenario of this support is very likely to happen to 1.2075 as my target. More in the video...
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Blue zone rejected...
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Still within the blue zone. Waiting for a break of the low
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Broke support