Take note of the potential pattern. As you can see price is respecting a lower TL. A break below the will give us a BO and an opportunity to go SHORT. Same on the potential Pattern that also can give us a good opportunity to go SHORT. As for the completion is near to our POV. Price break and close above the POV, the redline which is the 141.40% of the XA extension of (POV) will invalidate the , hence stopping us out from the SHORT trade. Trade wisely.
Pattern: 1.2510. Stops above the X point.
We can go and extend our TP to the D completion of the at 1.2412.
Pattern: 1.2412. Stops below the X point.