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On our market watch, today is GBP/USD. The pair has retraced recent swing down and a test of 1.2050, and is now reaching long term falling trend line 1.2300 level. It is rejected from this level and is forming a pin bar candle in the direction of the prevailing trend, which is the downtrend.
Possible trade strategy is selling below today’s low 1.2140  with SL above 1.2300 targeting retest of 1.2000.
Happy trading! (click on the chart to enlarge it)
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