DislikedI ended up taking the Eur/Jpy on a retrace with a reduced risk. Looks like the eur rallied over night. Oh well.Ignored
Its always recommended that regardless of the point of entry you should wait for the PA bar to break as a necessary condition to validate the PA setup specially when its running straight into a major trouble area.
All we've really done is test a RN PPZ and bounce off of it. The test itself occured off a PA bar but then that's why we aren't just after "A PA bar anywhere on the chart" but prefer to line up all the relevant factors to make out if the order flow represented in the PA bar is meritorious enough.
Here too, only a hard break of the BEOB could have validated a short trade IMO. An entry anywhere before that is flirting with danger because we're headed straight for a major PPZ that price has already shown signs of holding up at (via a weak close on the BEOB itself)
g.
I believe . . .