Platinum UpdatePlatinum can generate impulses that break the daily downtrend. This impulse will be a weekly correction process that draws a daily correction trend line, after which there is a possibility of another decline.
PLATINUM trade ideas
Platinum UpdatePlatinum is undergoing a monthly downtrend.
Since a weekly correction trend line is needed between the last monthly correction trend line, if it rebounds, it can rise to around the weekly supply zone.
As the Bullish pattern occurred on the 4-hour chart in the lower time frame, the uptrend could continue as long as the correction trend line of the uptrend is not broken.
If the weekly supply zone is reached, the bottom can be updated to draw a monthly correction trend line of the downtrend.
After that, I expect a strong retracement to stop the monthly downtrend.
Platinum (XPT/USD) Going Bullish???Will Palladium Close Bullish This Month (JULY) ?
This Trade Consists Of A Classic AMD Trade And Traditional SnD +A Few ICT Concepts
I'm Framing A Possible Reversal, Since I've Seen The WEEKLY & DAILY Timeframe Have Swept Liquidity Below And Palladium Is Currently Trading In My Premium Zone (Oversold), NOT OVERSOLD AS IN OSCILATOR INDICATION
My Expectations For This Setup
Small Pullback Towards The Optimal Trade Entry Zone , Creating A Second From The 2 Hour Timeframe
Price Filling The Imbalance Below Or Testing A Bullish Orderblock, As Our ENTRY TRIGGER
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710 possible for a week or two. 850 is the range likely for a few weeks with a pulse to 800 range.
Then the price could fall to a cost of production for a few months...maybe even a pulse below that for a few weeks.
Might even stay there long enough to get some physical at decade lows.
Then again who wants dollars? I guess 2.8% interest for a 10y bond with prospects for 7% inflation looks good to some people.
Maples, eagles or plate? what will there be? trading PPLT as a hedge to lock in a price.
PLATINUM 30th JUNE 2022Platinum is in critical area, closer to breakout support, risk of bearish potential.
Big institutions and companies tend to decrease in demand, even though the supply of platinum is increaseing.
I usually use 2 sources to see the sentiment of big players:
1. LME : London Metal Exchange is a futures and forwards exchange with the world's largest market in standardized forward contracts, futures contracts, and options on base metals. The exchange also offers contracts on ferrous metals and precious metals.
www.lme.com
2. CFTC : Commodity Futures Trading Commission is an independent agency of the US government created in 1974, that regulates the U.S. derivatives markets, which includes futures , swaps, and certain kinds of options.
www.cftc.gov
Due to the uncertainty of these, the price of platinum tends to be bearish.
This is my trading plan on XPTUSD , how about you?
A Hammer is visible on 1Hr Time Frame in XPTUSDA clear hammer pattern is visible on XPDUSD in 1hr time frame. It shows the uptrend in the chart.
Platinum Long position indicated A good buy call for platinum as the metal didn't broke the support area of 900 and if expected to ride up to 940 to 950
Mathematical probability for longer longWe can see same crash as March 2020 when everything dive, or can use this with small cash amount for longer investment in PL
IF Platinum Ends With Bullish Candle Today, BULLS Takes ControlAt the end of today's trading, IF the daily candle ends with a bullish candlestick (bar), then the bulls would most likely take control and drive price high
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
PLATINUMPLATINUM: The weekly chart reflects a series of lower highs while support at the $900 level is being tested for the 4th time since September 2021. A break and close below this level raises the risk of further downside, with $775 as an initial target.
PLATINUM Buy opportunity long-termPlatinum (XPTUSD) is trading close to a Support Zone that is holding since the September 2021 Low. It does remain under two Lower Highs trend-lines, the one from the February 16 2021 High and the other from the March 09 2022 High. Technically that is the most optimal buy level for a short-term rebound towards the Internal Lower Highs trend-line and if broken, long-term extension to the Feb 2021 Lower Highs.
If on the other hand we break below the 900.00 Support, we will take that minor loss and turn bearish instead towards the 830.00 September 24 2020 Low.
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Platinum USD long 1D Time Frame The trend of Platinum USD on the 1D time frame is showing a reversal. Firstly you can see a downtrend in the form of LH and LL then at the bottom, you can observe the HH and HL which is a sign of trend reversal or consolidation phase. So you can buy from here by putting a stop loss at the LL point mentioned in the chart.
Pitchfork Tutorial- Platinum as an exampleBasic forks
Platinum as an example
Major pivots
Always
High-low-high
OR
Low-High-Low
Use pitchforks to frame PA
80% of the time price returns to the median line from the third pivot
GRI 2022
XPTUSD LONG IDEAQuick scalp to the long side, we seem to be extended to the short side.
I anticipate a potential target of 953.70 with partials made
Platinum Forecast | Potentially BearishPLATINUM had a minor rejection in the 980 area close to the 0.618 Fibonacci level, which is measured from the high of 1020 to the low of the DBR.
There is no reason to expect a pullback in the 972 area until the low in the 964 area is clearly broken.
The price is choppy, not really clean, but it looks like a bear market.
917 is the target for a bias of 874.
LONG WEEKOverall Average Signal from all our indicators suggests a Long. Entry is at market open and exit is shortly before market close or whenever you are okay with profits.
Trade Idea Update: Platinum - Target ReachedTrade Idea Update: Platinum - Target Reached at $1022 today.
A gain of +$47 or 4.8% (ungeared over two sessions).
Original idea attached.
Trade Alert: Buy Platinum (Spot)Platinum (Spot) - For now, the structure appears positive in my view and looks ready for a buy/long.
Current: $975
How I'm seeing it:
- Pending break of 2nd channel resistance
- 14-DAY RSI at 55 (pointing up and room to move higher). Also breaching downward trend line.
- MACD trending toward the zero bound (pending cross, up)
- breaking through the moving averages (8, 21 & 50-EMA)
Price action requirements:
- Must hold $965.
Trading Levels:
Upside Pivot (level to clear and hold) = $978
Stop-loss: $959
Target: $1022
Which way will it take - upstairs?Looking on the last 20 years platinum is on the bottom. Till some weeks it left the downtrend staying above 900.
Risk is 770 if the Dollar is rising.
