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Platinum (XPTUSD)

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PLATINUM trade ideas

XPTUSD: Time ripe for a BULLISH reversal?The week opens with a strong Bearish move that set the low of the week. It thereby pull back and slowly make an assault for the week low again. But it never really come close to doing so. Late Thu, I notice sign of strength in a H4 bar. True enough, next day(Fri), price starts to trend higher and form value at the higher range of the day. On daily, you can see that as the price gets lower, volume also gets lower. This is an indication that the Bears interest has diminished. Fri Bullish close shows the indication of the Bulls to take control. I will be looking to go LONG on this pair with SL below Thu low and targeting the high of last week. DISCLAIMER: Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice. I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. PRICE ACTION only tell half the story. The other key half is VOLUME. For VOLUME drive price.
OANDA:XPTUSDLong
by OFPA_FX