XPTUSD - Just a idea...From watching this charts non stop my brain start making some patterns way upfront.
I guess it's time to step back from the computer :D
Have a nice weekend you all, take care
XPTUSD trade ideas
Platinum Long in viewPlatinum has been on a very long bearish correction since its last bullish move. Now we are back to where it all started. Expect a sharp bullish move away from the current low then wait for a correction that will signal that the bulls have taken over the market then trade with appropriate risk management.
XPTUSDBuying platinum in the long term looks very promising. The cost of platinum production is above $ 800. Platinum is a substitute for palladium in industry, the price of which is very high. It is also a precious metal. By the middle or end of the year, platinum should definitely begin to rise in price. After 1-2 years, we can see the price in the region of $ 1,500.
PLATINUM expecting higher bulish continuation
ENTRY: 902
TP: 915
TP2: 927
TP3: 940
SL: 880
Chart time frame - 1d
Time for reaching TP - 1-3D
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xptusd is going long for a very long timexptusd started the move last week friday from daily ,weekly and monthly support .it give me more confident to go long because of the triangle patern...i wish u best of luck PEACE
XPTUSD Platinum OANDA:XPTUSD
Making inverted head and shoulders on weekly chart. Still early neck line still far but worth keeping in mind.
XPTUSD (Platinum) long entry TP 918usd.XPTUSD (Platinum) long entry TP 918usd. The analysis shows that platinum may turn north from its current level. This is because the D1ATR range seen in the white rectangle stopped at 50%. If you turn from this level (866usd), there may be a significant rise before moving. The D1ATR50% turning points always indicate a strong trend start.
XPT ShortVery fast short trade given in from the private telegram group. Very close to reaching stop loss, although, quick drop afterwards.
LongPlatinum has broken the trendline and retested.
It could overperform Gold.
Longed at 974$.
TP on the chart.
Not trading advice
Jeepers Creepers.. how is this for a crash pullback, long setup?Jeepers Creepers.. how is this for a crash pullback, long setup?
Platinum still bullish, for now...Platinum right now hobbles at key 0.618 regions as it performs a correction; however as Corona virus fears increasingly rise I would start to consider an exit at the 0.786 Fibonacci region at approximately $900 as Fundamentals right now especially in the face of what is being referred to as "a pandemic in everything but name", will beat technical analysis.
Trend Line Break on Support Bounce Platinum may be entering into an uptrend after it has fell to a strong retrace level and now broken a long term weekly trend line. This may indicate we're in a bull market and using accumulation strategies targeting around the highs can be highly profitable.
PLATINUM (XPTUSD) Buy SignalPattern: 1M Channel Up.
Signal: Bullish once the price hits the Symmetrical Support.
Target: 1040 (just below the 1D Resistance).
Recent successful signal on Platinum:
XPTUSD before rising.XPTUSD before rising. The exchange rate analysis shows that 1: 1 fractal copying can begin. It can also be seen that the rise in both cases started from an accumulation fractal (red square). It can also be seen that the accumulation fractal increases the exchange rate with similar amplitude. From this, I infer that the next rising wave structure could be built. Target price 1098usd.
Just wait for the zone! Technically despite the December bull run on platinum we are still in bearish territory. On the monthly we actually have a thick cloud to go through which at the moment is acting as a good resistance. So my overall bias is bearish for platinum. The weekly candle closed just below the tenkan,which strengthens my bias but however does not allow me act on it just yet. My trading zone is 950-960 area shaded in yellow. If on the daily we break that zone and retest it with failure then il get in and my target will be the 900 area which coincides with the monthly kijun.
So the strategy is similar to that for the rand,basically wait for break , retest, confirmatory rejection then bang!!
platinum Platinum has sold quite aggressively for the past couple of days.
We are back on that demand line we have been founding support for the last few weeks now.
If buyers continue finding value on these levels we will finally pass the high at 985 and eventually the higher resistance level at 1020
IF not next stop bellow is the 940s level .
As we can see on the MACD negative momentum so far has been building up with no signals of divergence . Also the more price bounces on a trend line the buying power reduces and looking left we have been bouncing on this trend line for a while.
Good sing though is that we are now sitting just above the average price of Platinum that the last 50 days give as the 50 day MA on the Daily confirms and that has been a strong support so far .
Signals on this are mixed right now.
Platinum back @ support slope.Testing lower parallel of ascending pitchfork and consolidation resistance.
