PLATINUM trade ideas
XPTUSD - Buy on H4H4:
- Structure: uptrend
- Tendency: Upward
- Pattern: SHS pattern
=> BUY
PLAN:
As picture
PLATINUM - Lovely Trade. I expect the following move in the price of Platinum , thanks for viewing ! This is not financial advice. Please consider your own Due Diligence and Risk MAnagement.
Platinum Head and shoulder neckline break? 🦐Market currently breaking the neckline for a bullish move.
Next level 850 area.
–––––
Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Daily target reached, still looks strong to the upsideWe have been bullish since the last post, we will watch it and trade accordingly
Symmetrical triangle - waiting for directionPlatinum is forming a symmetrical triangle. Currently has formed some support at $900 and resistance at $960. A close above $960 will trigger the long with target at $1100 while a close below R900 will trigger the short idea with target at $800 and back to it's previous range.
Platinum uncertainPlatinum is showing great bull flags patterns recently that should push the price up to 1030 levels.
However, we should fight with the 1010 level first which combined with 1030, should for a strong resistance area.
If it gets broken, we should expect the continuation of the bull flags
Platinum Palladium Ratio has Bottomed. Platinum bull market will look to begin in the next 6-8 months based on past performane when this ratio breaks higher from a bullish downward pointing wedge. Once this occurs a platinum bull market usually follows. Watch with anticipation and it would be prudent to prepare for some platinum purchases in the next few months.
LONG ON PLATINUM PlacedLonging from current levels. Thanks for viewing 1 This is not financial advice , please consider your own DD and RM.
Platinum Elliott Wave Theory + Other Technical Analysis Do not ever Forget the content on all of our analysis are subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Nothing on this video constitutes a personal recommendation. Seek independent financial advice from licensed professionals If you need it.
Please support us to help more people..
Possible 1000 level retestPlatinum ( XPTUSD ) is showing us great buy opportunities for a possible 1000 levels retest.
( and even a possible breakout )
Platinum looks like it's trading in a long term bull flag. I find it hard to believe this pattern is a descending triangle, we've just seen the dark blue baseline of the pattern hold support, considering the Macro environment I'm expecting this pattern to finish with a bullish outcome.
The RSI is slowly starting to create a Macro higher high, if we see the RSI continue to creep above the blue line we will see some strong price action to the upside, potentially parabolically given how other metals like gold, silver & palladium have been trading recently.
The DPO is closing above 0 for the first time since roughly 2012, we have seen the DPO touch 0 multiple times over the years but the DPO has never really closed above it since 2010 until more recently, very interestingly bullish.
It's always possible this pattern plays out bearishly, nobody knows for sure, safe trading.
Platinum's golden crossPlatinum has just offered a golden cross on the daily chart, supported by a long term breakout from the downtrend on the monthly. The price action is similar what silver did before the huge rally. I would bet for a strong long trend in case of continuing economic recovery.
Platinum then Platinum !Platinum will be under the spotlight in the coming months. Starting to outperform after long years of underperformance.
3000++ Pips on XPTUSD 🎒This trade I posted earlier has now gone up to and it’s only a few more pips from hitting my TP!
If you toke this trade then enjoy your profits 👍🏾
XPTUSD📈XPTUSD has made a clear double bottom which retested against the support line meaning a probability of it going all the way up to the resistance above it🚀
Out of PlatinumI went ahead and sold all of my platinum. I don't really see a point.
It moves at the same time as silver. And there is already a gold.
I don't think I really need to worry about 3 metals.
It looks like silver always has more volatility.
I'll just stick to gold and silver.
made about 25%
XPTUSD UPDATE after our initial entry at the QML level , we have bearish engulfing price action on the daily time frame which confirm our sell bias , im expecting more sell to the LOW of the structure which will serve as our TARGET
