The price cannot rise above falling trend line. The momentum is not high but the tendency seems to be clear,
Trade closed: target reached:
It is not the real target that we have reached. But there is no momentum at moment and it looks like a broad consolidation now. I see the danger of a breakout over the 17240 stoploss., however, this is not imminent. A new position will depend on how the sideward band once will be left.
Comment:
Consolidated: A little profit is better than a possible larger loss.