Breakout lower from that consolidation and out of the descending triangle pattern with strong momentum could signal a trend reversal. Retracement around 38.20% could be a scenario if this breakout occurs.
Trade closed: target reached
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It was a great trade. This trade was already close when it hit around a 38.20% level where I had my target point (TP). I will create ideas in the coming days on it if I get more probabilities area.
Do share your thoughts!