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Platinum / U.S. DollarPlatinum / U.S. DollarPlatinum / U.S. Dollar

Platinum / U.S. Dollar

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XPTUSD trade ideas

Platinum has formed a strong baseAs I said yesterday, I expect Platinum to rise and reach the 1020-1030 resistance zone, and price evolution in the past 24h adds more confidence in this trade. Looking at the daily posted chart we can see that the drop started in mid-March has stopped in important daily support at around 900 and last week we have a sequence of Doji candles in this zone. Friday we have a strong bull candle and yesterday we have a Pin Bar that is diverging with Gold evolution (hard drop). Going further my expectations are strongly bullish and only a drop under support would change my opinion.
OANDA:XPTUSDLong
by Mihai_Iacob
5
Jamie Gun2Head - Buying the Break of PlatinumTrade Idea: Buying Platinum Reasoning: Retesting key resistance on intraday chart. Looking for a break higher. Entry Level: 928 Take Profit Level: 961 Stop Loss: 920 Risk/Reward: 4.13R Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
PLong
by Signal_Centre
Time Wave analysis of Platinum (XPTUSD)Hello. Time Wave analysis of Platinum (XPTUSD) as of March 31st. The platinum peak is the starting line of the yearly correction trend of the downward wave, and a monthly downward wave proceeded below it. Since I recently broke the last monthly correction trend line, the monthly upward wave has ended, and the W-X-Y correction pattern will be created here. Because it is a very large pattern, it can be seen as a temporary uptrend or downtrend. If a support line is formed near the current monthly demand zone, it is highly likely to rise again. Conversely, if the monthly support starting line of the upswing wave does not build or breaks, the yearly downtrend will continue. Look for buying opportunities near the monthly demand zone in April. good luck.
OANDA:XPTUSD
by TimeWaveTrading
PLATINUM LONG TERM WEEKLY TIMEFRAME Corrective move down Currently at wave (B) while wave A was a 3 Wave daily move down. What I expect to be wave C could also be a 3 wave (Y) down. Either way the weekly timeframe is a corrective move down. DAILY TIMEFRAME Trading with the weekly trend down. 5 Wave move down was completed and noted as wave 1 A corrective (3-3-3-3-3) noted as wave 2 is complete expecting a wave 3 daily down or a 5 wave down. 4 HOUR Ideal entry zone Probable time holding of this trade is 1-5 months : Not guaranteed just a projection depending on the timeframes
PShort
by Beclinks_Capital
#PLATINUM #XPT in a Perfect long-term Channel with 2 extremesPlatinum got rejected two weeks ago on the 'war candle' on the 1W time-frame and is on the 3rd straight red week since. The importance of that rejection, is that the candle closed within the metal's long-term (almost 4 year) Channel Up that started half-way through 2018. As you see XPTUSD tends to trade exclusively within this Channel Up structure, unless a 1W candles closes outside (either above or below) the pattern. In almost 4 years we had two such 'extreme' cases, one was the March 2020 market crash due to the COVID pandemic, which was the bearish extreme that reached as low as (marginally breaking) the -1.0 Fibonacci extension level and the other the Q1 2021 bullish extreme that reached as high as (marginally breaking) the 2.0 Fibonacci extension level. Notice who both distances are symmetrical on the extremes and that in both cases the candles, despite breaking marginally below/ above, they managed to close back inside the Fibonacci extensions.
FX_IDC:XPTUSD
by atal_Cryptosignals