OFPA_FX

XPTUSD: Distribution in progress?

Short
OANDA:XPTUSD   Platinum / U.S. Dollar
After the Bull launched an assault at multi year high, stretching all the way to Feb 17, price has been consolidating in a triangle. Those into volume profile analysis would have notice that POC is at the lower end of VA. And value added at the top is getting lesser. With bollinger band at it tightest since the consolidation 7 days ago and price reaching the apex of the triangle, I believe an imminent breakout might occurs soon. There might just be a higher breakout to trap more buyers before price push lower. Will be watching closely on this pair for a potential SHORT.

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Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice.
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