We can see that it has broken the ascending trendline and is now consolidating. it has since retraced back to the trendline nad rejected it. I am hoping it will give us a good break of the support level abd continue downwards. If it gives a clear break we can look for a sell setup
Trade closed: target reached:
Target was reached. we can see that it has since continued upwards. as it stands now we can look for another short if there is a sell setup on the shorter timeframes.