This could potentially be the beginning of a symmetrical triangle pattern. It's advisable to maintain a short position until the price closes above the upper trendline. This approach could provide a strategic trading opportunity. Please remember, all trading involves risk and this is not financial advice. Always do your own research before making any trading decisions.
Trade closed: target reached
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TP1 achieved. Move your stop loss close to the entry point. I have closed 50% of the position at TP1. Join my Telegram channel for fast updates.