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
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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.