XPT ShortXPT Short
- TVC:DXY strength warrants OANDA:XPTUSD bearish view
- Trend is negative
- Diminished price-volume support below 884
- Looking to short on confirmed support break(blue line on intraday chart
- Alternative thesis on TVC:DXY weakness, might see a jump off support and retrace to 906. Will look to long at that level.
XPTUSD
XPTUSD Long Trade SetupHello, traders.
I'm expecting very nice up move in platinum. You can see my higher degree expectation in the followed chart, but it is almost impossible to explain by drawing because there are a lot of options. So, if you want to see detailed analysis, please watch today's analysis video on Youtube.
The last down move has 5 waves already and the 5th wave looks like a reversal pattern. That's why I have put an entry order as you can see. The stop-loss is not certain. If the price goes deeper levels I will rearrange the entry price, stop-loss and lot size according to new bottoms.
Platinum - Bullish BatWhat's up guys, here's a setup I've been looking at for a while. I'm not a position trader- I don't like to hold trades for any longer than a couple of weeks max. That aside, I have saw this pattern coming for almost 2 months since the B level was broken (one could have BAMM'd it!)
Here we have a bullish bat formation on platinum. The support level where the pattern falls has not been broken since 2016, and even that was brief. Since the chart in front of us began back in 2006 price has not been below the current support level for any longer than one month. For a precious metal of which there is less than one swimming pool on earth, price seems to be pretty low. This my prove to be a reasonable level for anyone looking to hold platinum long term.
Bat Ratios
B = 0.382-0.5
C = 0.382-0.886
D = 1.618-2.618
X to D = 0.886
XPTUSD Long idea after correction completesAnalysis:
I've seen XPTUSD show a Impulsive move, and then correctively retrace towards the origin of the impulse.
it has a little further to go hit the reversal zone indicated at the dashed orange lines.
Hypothesis:
I am looking for latent buy orders to kick in at the levels identified.
Price should trade up to resistance where I have indicated by the blue arrow
Risk Management:
Trade potential 4:1 +
Take off half at 1:1, and move stops to Break even. Let rest ride to Target.
If you are concerned going long against short term bearish momentum.. you can wait for a 1D bullish candle before entry.
PS: If my analysis is to your liking... please like the post & subscribe. Thanks.
Palladium long...Palladium long. The exchange rate reached the bottom of the correction. This level is 900 usd. The figure shows that XPDUSD corrects in a double wave structure. Then this is followed by a steep rise. The structure of the dual waves of the last weeks is distant. Especially due to the decreasing ATR speed. Therefore, the further increase may be half as much as the more permanent rise ahead. If the place is the theory, I expect a steeper rising wave with a sloping slope. The primary target price is 1377 usd.
Platinum trade idea, for the trade war ($XPT)The idea is that platinum would move between the two-blue line (these are recent daily support and resistance lines). It looks like Platinum founds its bottom and is ready to move up, to the price level of 1020 (which might be a recent resistance line of the weekly) , even do the RSI has not yet curved up it is clearly oversold on the daily.
But last Friday candle shows a bullish sign.
When the situation comes that coming week, the price will fall, there is are strong resistance zone between 893.7 (the weekly support line) and 901,37 (the daily support line). (If this break, it hits my stop loss).
I assume, because of the coming trade war, commodities like gold and platinum will be a save heaven for investors.
My targets are:
1: 1020
2: 1092
3: 1159
Stop loss, below the 890
****This is not an investment advice, this is just a random thought and want to test my own hypothesis of the coming trade war, feel free to comment and join this trade, but remember never invest more than you can lose*****
XPT/USD - 500 Pips ShortXPT/USD is currently in a bearish free falling trend.
No retaliation has yet been met. We can expect it to continue further below until a strong support and consolidation is undergoing which would mark it's reversal point.
Risk management is an important pillar of trading succesfully.
Wish you all the best!
King of the MetalsI have published previously on the silver/gold ratio. Silver is bound to outperform gold over time. The question is whether platinum will outperform silver and gold, or underperform both metals. Watch the dotted line for a breakout. If anyone has interesting research on platinum please post in comments below or pm me (fundamental or historical is preferred).
954 is technical resistance in platinum. Watch current level.
PLATINUM/XPTUSD - D - LONG - TDII've always liked minerals and raw materials. Maybe I will focus more on commodities in the future.
I believe this is a good setup for PLatinum. We have a SL below latest low, that is not too far. We had a breakout on 4H, that should slow down a bit but not so much and then we can go to the sky.
GL HF
Platinum about to lift off? These two markets look interesting together because of the similar price action. Notice how rice was in a descending triangle followed by a breakout. These are typically bearish patterns, but not always, clearly. I believe platinum is in the same consolidation phase before it breaks out. Notice it took rice approximately two years to break out from its established support. Platinum seems like it's on the verge of doing the same. I've seen some traders present shorting opportunities in platinum. I think that's a big mistake.
Other than that, what does platinum have to do with rice? I'd say nothing. There is no inverse or positive correlation whatsoever. Perhaps there is something more between the two, but that is not the point of the analysis.
Platinum setting up for new move up on weeklyWeekly Platinum is consolidating setting up for a breakout to the upside. Looking at current support at 886.8xx. If support holds at this area, price should continue up based on rhythm of TRIX and TSI.
Monthly TSI and TRIX are turning up. A breakout of price from current weekly consolidation looks to be to upside.
Daily chart with weekly consolidation overlay and last daily consolidation channel based on ADX
#TrendFlex Platinum Alert [Free]Bull Signal on Platinum - XPTUSD
MacroView Research forecasts platinum prices to extend gains near-term vis-a-vis weaker U.S. dollar; a view we've had in mid-December.
Alert: $990
Thresholds: 959.47
Opportunity: 1053.29
Trade Mgmt: TP on 50% of position at $1,015; move threshold to breakeven
This is a free version of MacroView Research's TrendFlex alerts, a proprietary alert system for FICC and select ETFs. We will be opening up registration for new subscribers March 1. If interested contact us anytime.
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