XPTUSD Platinum OANDA:XPTUSD
Making inverted head and shoulders on weekly chart. Still early neck line still far but worth keeping in mind.
XPTUSD
XPT ShortVery fast short trade given in from the private telegram group. Very close to reaching stop loss, although, quick drop afterwards.
Jeepers Creepers.. how is this for a crash pullback, long setup?Jeepers Creepers.. how is this for a crash pullback, long setup?
PLATINUM (XPTUSD) Buy SignalPattern: 1M Channel Up.
Signal: Bullish once the price hits the Symmetrical Support.
Target: 1040 (just below the 1D Resistance).
Recent successful signal on Platinum:
XAUUSD BREAK AND RETEST Here we have a simple break and retest.
Gold broke above resistance at 1573.
Came back retested as support created a morning star candle on the 1 hour time frame.
Before the opening on London, this was a clean and easy setup.
The confluence of different time frames was also another indication to buy.
You could have secured at least 80 pips before market close.
XAGUSD LONGOverall TP - 43 Pips
I have highlighted three areas on interest where either bullish engulfing candle was formed or morning star doji candle.
I believe we will soon see some bullish movement.
Price has been bouncing off support and has been held through.
Firing up the power of PlatinumThis is going to be a good opportunity to buy into Platinum cheaper. Wait for the breakout, pullback then execute your buy. Alternatively, it could have another correction as it approaches the trend line.
Be patient.
Always trade with a SL, employ appropriate risk and capital management.
God bless your trades.
XAUUSD SHORT This was a longtime trend line that I had marked up.
Once this trend line was broken with an evening star followed by a bearish engulfing candle you had a nice retest of the trend line.
This does not always happen this clearly cause people can mark up trend line on how they see fit.
If you were not sure after the bearish engulfing you could have waited for the retest and then secure 190 pips.
Was a simple break and retest, all depends on what type of trader you want to be and what fits your trading style.
US30 LongHighlighted we have US30 make is first low near support.
Then when market open we see a pullback being formed.
Check the 30 min time frame we have a morning star formed and take off.
I think its best to let the candle closed first and then enter.
You could have secured an overall of 2200 pips and only risking about 400 pips.
This is just going through market structure, candlestick formation, and then opening of New York session and the stock exchange.
XPTUSD (PLATINUM US DOLLAR) Platinum, which is used to curb emissions from diesel cars and in jewelry, rose more than 21% in 2019 – the biggest annual gain since 2009.
The long-only exchange-traded funds focused on the precious metal attracted $850 million in 2019. That was the biggest annual inflow on record, according to Bloomberg.
Price is making higher highs and higher lows. Sitting at the .382 fib and the 200 EMA.
Waiting to break through 1000.
Platinum, my other preciousWeekly divergence and successful backtest of wedge. Should hit a target close to 1300 in a few months.
Platinum (XPTUSD): $1,040 Target reached. Expecting a pull back.XPTUSD reached our 1,040 Target on our long since October 31st, 2019 as seen on the buy call below:
The 1M Bullish Megaphone since September 2018 is still holding (RSI = 57.612, MACD = 6.190, ADX = 38.381, Highs/Lows = 74.3178) and in fact the 1,040 top was its Higher High as seen on the chart. We are now expecting its technical pull back which based on the previous 3 occasions should be within -11% to -14%. As a result this puts the Target Zone within 925 - 895. Note: see how harmonic the RSI sequences are both on the bullish and bearish legs of the Megaphone alike.
This short term pull back doesn't mean that we have turned bearish on Platinum. Our portfolio still holds long term buy positions and we have illustrated our long term bullish sentiment on the idea below:
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
XPTUSD ShortXPTUSD formed a wedge pattern. I waited for the breakout , which was to the downside, to place a trade. I confirmed this movement using the two MA's which did cross over, confirming this downward momentum.
XPT/USD - SELLwe have nice retracement of weekly level and now we have 3-rt point of descending trend line with pin bar
XPT SUPER SWING BUYOn the Weekly timeframe, this pair was on a descending trend, but the past year start making Higher Highs and Higher Lows, forming an ascending channel. the past days broke that descending trend line and the top of the ascending channel, made a retest of that lines and a resistance zone. Right now the price is bouncing on a strong resistance, but i think that got the strenght to broke that resistance, beacuse we got more confirmations to go long. To enter on a super swing trade we will wait to a close of the mentioned resistance zone, and wait for a formation of corrective structure on a lower timeframe to get the full confirmations that the price is going up.
For the full analysis, educational content and quality signals service, contact us on
Telegram:@FedericoGallo - @MrFlawlezz
Instagram: @Forex_society
PLATINUM VIEWPOINT (AS REQUESTED)HERE IS MY VIEWPOINT ON ON PLATINUM. PRICE IS CURRENTLY SAT IN A VERY WELL RESPECTED RESISTANCE ZONE ON DAILY/WEEKLY TIME FRAME SO I'D EXPECT SOME SORT OF PULLBACK FROM THIS ZONE TO THE PREVIOUS STRUCTURAL RESISTANCE WHICH WILL NOW BECOME SUPPORT AND THEN CONTINUE TANKING UPWARDS, ALTERNATIVELY IT WILL BREAK THROUGH THE CURRENT ZONE AND GO STRAIGHT UP TO TARGET (COULD GO LONG ON BREAK OF AREA IF THIS HAPPENS AND PUT SL BELOW HIGHLIGHTED ZONE) AS MY VIEWPOINT IS RESOURCES WILL GO UP IN VALUE (I.E. GOLD, OIL ETC.) THIS COULD ALSO BE A VERY LIKELY OPTION. I HAVE MARKED AN IDEAL ENTRY POINT WITH SL AND TP ZONE MARKED ON THE CHART, OPPORTUNITY IS A GREAT RR SETUP FOR BOTH OPTIONS SO HAVE TO KEEP A VERY CLOSE EYE ON THIS IN THE COMING WEEK AS PLATINUM WAITS FOR NOBODY.
Platinum: 12 Year TriangleDoes the descending triangle complete with the traditional breakdown?
Or does it bounce higher?
Platinum: Time to Buy?I think no.
Price is currently consolidating around the $1017 level after breaking the $998 strong resistance.
$1017 is now a stronger resistance. Platinum broke it in June 2016 and tried to recover it at least four times with no success.
My view is a retracement to the EMA 50 level.
If you like this idea, don't forget to hit the Like Button!
Disclosure: My ideas contain statements and projections based on assumptions on capital markets, and therefore inherently subject to numerous risks and uncertainties.
Before buying or selling any stock you should do your own research and reach your own conclusion or consult a financial advisor. Investing includes risks, including loss of principal.
I am not a financial advisor.
