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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

PlatinumMonday, 20 September 2021 19:16 PM (WIB) Platinum just broke the lowest price at $896. It means the price could open possibility to move more lower into 52 Weeks low at $830. Which have support from descending channel to hit that point. I would prefer to keep watch the movement periodically. The question is "What condition on Platinum market that has been fall so far from $1.300 into $896?" I need to find out the answer. Best regards, RyodaBrainless "Live to Ride and Ride to Live"
CAPITALCOM:PLATINUM
by RyodaBrainless
Bullish PlatinumPlatinum corrected to pre-pandemic Trend and is following in this pattern. 3 strong pullbacks displayd with regression trends before breakouts. Accumulated the last month for change of direction to follow trend. Waiting on EMA to confirm Bullish action. From a political standpoint it's inevitabe that the price should increase due to vaccine rollouts, increased production of EV's, back to normal production of vehicles and increases in tech demand. Long term investment opportunity
TVC:PLATINUMLong
by John2506
2
XPT/USD - Platinum to fall back inside the liquidity pool?Good morning ALL! Hope you're well, We can currently see XPT running for a channel break of the lower channel limit this morning as price seems to have began its equilibrium continuation. The equilibrium zone in a chart represents an equal number of buyers and sellers creating a price harmony seen by most as a "range". At the moment our view is for this metal to continue trading lower and following the fact that price has just recently broken through the base of the lower limit of the channel, it seems likely that, following a retest, price could very well continue right the way down into the liquidity pool highlighted beneath the chart. These institutional liquidity pools are formed when major players and market makers push price back down to fill larger orders at better prices. We see this often across the markets and are generally able to capatilise on the banks moves using these methods. The idea here is to wait for a confirmed retest of the lower channel limit, followed by a 2-3 bar continuation. Following the succesful trigger, we will be aiming to target the top side of the S&D zone below at approximately 970.00 with stops likely to be above 1012.00 offering a 1:2 risk/reward. Should price fail to continue away from the lower channel limit our view on the metal for today at least, will be invalidated. Trade safe out there and catch you again soon.
OANDA:XPTUSDShort
by TheTradingRoom