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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 LongLooking to go long on Platinum/XPTUSD. The metal market is now declining on some profit taking as all have done extremely well in the last month in percentage gain. With fundamentals aligning cross the metal markets, pre election period, inflation dropping etc. Metals are still bullish, until the narrative has changed officially. This would most likely change if gold breaks below 2700. While I would normally buy platinum on the 38% fib with the key level present, due to most of the precious metals declining I am avoiding this zone and going for the stronger one. Confluences for the trade: - Intra Key level - Trendline Break Retest - 50% Fibo - Palladium Alignment at 50% fibo and Intra Key Level Entry- 994.72 Stop Loss- 65 pips or $6.50 Take Profit- 1014.86 RR of 3.1 Trade safe and risk managed as always no matter what ya'll are trading, catch you later traders ▲
ICMARKETS:XPTUSDLong
by FalkenFx
Platinum On Cusp of MAJOR BREAKOUT!!!! ABCDE Triangle CompletingI have been following this formation for about a year now...its been a nail bitter but now all the puzzle pieces are falling into place...Gold has gone parabolic, Silver is following suit, and Platinum...Well...Platinum is Coiled like a spring ready to take off any moment!!!...This is a 4 year consolidation at decade low prices...this all while the other metals are blasting off...its go time!!!...I am positioned heavy in platinum right now...I have rotated out of gold into platinum.
TVC:PLATINUMLong
by GoldAddict
Platinum Insider Stays in the Game, Anticipating Higher PricesA platinum Insider hasn't changed portfolio yet, so there's still potential for more growth. Let me remind you, on September 4th, an insider came into the Platinum market and went long, which caused the price of Platinum (and other precious metals) to go up. Now, prices are getting close to his target levels. This is important because it shows the market's future direction. The Insider know when to get in and when to get out. And we can watch them to see what he is doing. If you don't have the time or inclination to read stock reports, just follow us. We cover all the important stuff and provide valuable insights every day.
OANDA:XPTUSDLong
by ClashChartsTeam
XPT Surges as EMAs Align with Bullish Chart PatternH ello! XPT broke out from a falling wedge (See green trendlines!) formation with strong bull power, as the MACD shows. It wasn't against expectations since falling wedge chart patterns usually break upward. It's often a bullish formation. Thus, MACD and chart patterns align with a bullish outlook. Furthermore, the price is above EMAs (20/50/100/200). EMAs crossed upward on the 24th of September. Seemingly, nothing stands in the path of bulls until the green target circles. However, stay vigilant and don't go all in. Regards, Ely
CAPITALCOM:PLATINUMLong
by Elysian_Mind
PLATINUM Strong rebound on the 1D MA200.We got a perfect bottom buy entry on Platinum (XPTUSD) last time we analyzed it (August 30, see chart below), with the price already halfway to our 1090 Target: As you can see, the price action is almost a perfect mirror image of September - December 2023. Now that the price has confirmed the new Bullish Leg with a strong rebound on the 1D MA50 - 1D MA200 zone (blue and orange trend-lines respectively), we can expect it to complete the pattern and complete a +20.86% rise, right where our 1090 Target is. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XPTUSDLong
by TradingShot
PLATINUM - Short Term Whipsaw TradeThese upper wicked candles (red arrows) have my attention and notice that they make a slightly higher high whereas the RSI makes a slightly lower high. I have the RSI source set to "high" so that the upper wicks are recorded. And also a slightly higher high is often Wyckoff liquidity tapping. Then check the fib retracement and notice that this is all happening at the 0.786 overshoot ratio. This is an ideal ratio because any higher and then I know the probability of a slump dwindles. So this is quite a nice setup here I think. In higher time frame I am bullish Platinum. But these coiling whipsaws have been going on a very long time so I would be somewhat unlucky if this is leading to a breakout here. And the wicked candles are signalling this is a point of resistance. ... So a very short term trade here. Notice that on the 4 hour chart, every pivot low has been caught by the lower Bollinger Band. That will be my target. I will aim slightly higher than the lower band because it is rising @ $973. Sometimes these trends do move above the 0.786 but anything above around 0.81 generally signals a full retracement will occur ( and so invalidate the trade)... But even with the stop level as high as 0.84 ratio @$1006, this is still a 3:1 RR trade. So this is what I'll go with. A 3:1 trade TP: $973. SL: $1006 👍. Not advice
TVC:PLATINUMShort
by dRends35
Platinum In Neutral AreaHi there In the platinum setup, the price could break above or below the trendlines. If it moves above the daily purple trendline, the outlook will be more bullish; conversely, if it falls below the blue trendline, the sentiment will be more bearish. A break below the weekly trendline would indicate a shift to a bearish trend. This is a nice set-and-forget type of setup/strategy tip. When you receive an alert, you can gauge how market participants may be feeling about the market. However, always apply risk assessment before entering a trade. Happy Trading, K.
CAPITALCOM:PLATINUMShort
by Khiwe
1
Platinum: Little Consolidation (Wave 4); Golden RatioWe can see a very well defined cycle, and wave 1 to 3 already created. This new cycle could be a consolidation, the price can drop to 14,6% or 23,6% level. Or even in the middle between 38,2% and 23,6%, where other wicks has already touched, creating a support, where can also occur the last candle of Wave 4. Open interest in NYMEX:PL1! is falling and the major trend rising, it can occur a reverse, and this reverse will be the Wave 4. RSI left the Overbought level, followed by a failure swing, resulting in continued decline of the indicator. After the peak $1,016.45, ADX is losing strength while DMI+ has a high probability of changing position with DMI-.
CAPITALCOM:PLATINUM
by AFCapital21
XPTAUS Buy PositionAnalysis: - Broke previous high at 980.00 (indicating uptrend) - Broke the (correction) trend line after 4 touches. Trade Setup: - Entry Point: 988.00 - 990.00 (trendline breakout) - Stop Loss: 962.50 and trail the line. - Take Profit: Exit upon candle closing under the trendline / reachs 1060.00 (1.618 Fibo) Disclaimer: This journal is for personal purposes only. Trading involves risk; always do your research and consider your financial situation before making any trades.
OANDA:XPTUSDLong
by Phoenix-Rise-Trade
XPT Sell at trendline rejectionAnalysis: - Trendline: Down trend - Strong resistance at the trendline; Engulfing after touching the trend for 3/4th time. Trade Setup: - Entry Point: 983.700 (waiting for trendline breakout) - Stop Loss: 990.000 - 991.000 - Take Profit: Exit upon break below the trendline / 900.000 ( previous low ) Disclaimer: This journal is for personal educational purposes only. Trading involves risk; always do your own research and consider your financial situation before making any trades.
OANDA:XPTUSDShort
by Phoenix-Rise-Trade
Learning Tory's Trade Trading Plan: XPTUSD Trendline BreakoutCurrent Status: - Trendline Touches: 4 touches confirmed - Analysis: Strong resistance at the trendline; monitoring for trendline breakout. Trade Setup: - Entry Point: 975.250 (waiting for trendline breakout) - Stop Loss: 993.800 - Take Profit: Exit upon break below the trendline Disclaimer: This journal is for personal educational purposes only. Trading involves risk; always do your own research and consider your financial situation before making any trades.
OANDA:XPTUSDShort
by Phoenix-Rise-Trade