First post here (been following / watching for a bit - glad to participate 
)
Long Term: Since the Jan High, price is trading in a descending channel. PA appears to be finding support at 38.5% Fib retracement of the '25 L to '26 H, at 1.1355, which also presently aligns with mid-point on the price channel. Confirmation if today closes above that price level. Bull rallies could be limited near term to 1.1418 area that was a previous support level on a lower time frame chart and more extreme rallies limited to 1.146. If day closes below 1.1355 and/or after near term rallies, longer term downtrend could continue towards 1.1130, the 50% Fib retracement of the '25 L to '26 H range.
Short Term: PA is trying to break out above a 15 M price channel and testing yesterday's high, after finding some initial resistance. Look for 1.1355 support to hold a daily close short term and any rallies to be limited.
Closed an earlier short trade and watching from sidelines for clearer near term direction. I'm looking for longer term sell opportunities, and potentially shorter term long scalps. For now, sidelines is good.
)Long Term: Since the Jan High, price is trading in a descending channel. PA appears to be finding support at 38.5% Fib retracement of the '25 L to '26 H, at 1.1355, which also presently aligns with mid-point on the price channel. Confirmation if today closes above that price level. Bull rallies could be limited near term to 1.1418 area that was a previous support level on a lower time frame chart and more extreme rallies limited to 1.146. If day closes below 1.1355 and/or after near term rallies, longer term downtrend could continue towards 1.1130, the 50% Fib retracement of the '25 L to '26 H range.
Short Term: PA is trying to break out above a 15 M price channel and testing yesterday's high, after finding some initial resistance. Look for 1.1355 support to hold a daily close short term and any rallies to be limited.
Closed an earlier short trade and watching from sidelines for clearer near term direction. I'm looking for longer term sell opportunities, and potentially shorter term long scalps. For now, sidelines is good.
Watch the tide to trade the waves
I'm Aayush.j
