The market is currently in a local area of support. A breakout of the descending triangle would see the price retest area of known resistance. Failure to break out of the descending triangle would see price retest the previous area of known support. Entry: 0.11742 Targets: 0.14-0.16-0.18-0.2 SL: 0.09951
This setup would be invalidated if the price fails to break out of the descending triangle.
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