- PA over last few months has been bullish, bull trend, bull wedge structure
- PA consolidated at a key weekly level 126.5 and then formed a H&S pattern suggesting it could reverse the bull trend.
- PA made an impulse move to the downside, making a new low and breaking structure
Trade Plan:
- Look for retracement back to 124.50-125 and identify a sell setup on lower TF.
- PA consolidated at a key weekly level 126.5 and then formed a H&S pattern suggesting it could reverse the bull trend.
- PA made an impulse move to the downside, making a new low and breaking structure
Trade Plan:
- Look for retracement back to 124.50-125 and identify a sell setup on lower TF.