XPTUSDG trade ideas
Seems outlandish, just from a pattern perspectiveFundamentals of Pt vs Pd history would project that industrial users switch to the lower priced commodity since they offer relatively the same physical properties (i.e., Pd $2100 v. Pt $900). Now add the long-term Elliot Wave chart pattern and the electrification narrative and there certainly can be said that there is a confluence of indicators. I know the wave analysis results in a crazy high Pt spot, but we have seen crazier scenarios play out.
PLATINUM - Overhead Resistance- Platinum printed a bearish engulfing candle yesterday
- Oscillators are overbought
- A pullback is likely from these levels
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Correction Due!Sell Limit!
Looking to play the resistance from that blue resistance zone. Price already tested it but looking for a spikes into that zone again and rejection. Targeting the 900 level. Its a correction so position sizing will be small.
Entry: 927.71
SL : 939.66
TP : 900.40
RR : 2.29
Not investment advice
Platinum idea (14/09/2022)Platinum
is now trading in a corrective pattern representing wave ((2)), whose critical and unbreakable limit is 971.80. It is currently taking a bearish correction pattern targeting the 61% level before ending the wave ((2)).
XPTUSD 1DEntry:872.28
SL:835.10
TP1: 897.06
Yesterday my trading algorithm was triggered. Please comment below if you agree with the idea!
Platinum idea (07/09/2022)platinum
We expect the metal to drop since trading below the resistance point of 971.80, but currently, we expect a correction in wave ((ii)) targeting 50% levels at prices of 897.58 to end the wave ((ii)) before descending again
Platinum $ spot: a pullback unfolding?A price action above 832 supports a bullish trend direction.
Crossing below this level will negate the bullish stance.
Further trend support above 848.
Consolidation range from 842 to 860.
Crossing above 860 might target 888.
Remains a rsiky trade.
Ready for a cheap Platinum ring?Empire formation + AB=CD + Bearish Stochastic RSI + 6 Month Timeframe
Plat Plot...Looks like this is lagging gold / silver and will finish correcting a bit later by the looks - expecting prices to go down to our fibs/react on our blue line as a trend reversal point.
platinum idea (31/08/2022)platinum
We expected the metal’s movement to rise over time term because prices are above the second support point 862.79 for the correction before Descending back to lower prices, targeting 752 to end the wave correction in wave ((2)).
Platinum bullish patternAnother highly interesting view of platinum. Here you can see all the more clearly that platinum is taking on bullish patterns.
Thoughts ?
Precious metal super cycle ?Anyone who knows my previous analyzes knows that I like to think about charts in the evening. This precious metal struck me as all the more interesting, and I look at it less often.
When I tried it several times, I actually noticed this interesting pattern. This doesn't have to be so untrue, if the USD is going to be weakened for a long time, why shouldn't we be running into a new super cycle?
Or to put it another way: What can happen that a new super cycle for precious metals/raw materials can arise?
Platinum Analysis & Trade IdeaPlatinum has reached an important poi. Could be poised to take a fall.
It may take some time, as the USD has been weakened by slightly better inflation news, so we'll see.
The D1 momentum is bullish , currently, so waiting for confirmations for sells is the best course of action.
Look for bearish price action at current levels.
Platinum/U.S Dollar idea (25/08/2022)Platinum
We expected the metal's movement over the time term to rise since prices are above the minor 862.79 support point at the bottom of wave 2. we expected to target a price of 972.00 in the time term. But the main support point is at 830.50, which is the bottom of the wave (2).
PLATINUM | Resistance?Thursday, 25 August 2022
13:57 PM (WIB)
I want to analyze the movement of Platinum, regarding it still in the descending box with the lowest price of $731 and the highest price of $952. Now the price moves at the Resistance Lines of this descending box. Actually, the price movement has broken out of this descending box and reached the MA200, and then fall again inside the descending box again. In this situation, Platinum is now at the top of Resistance that possible to create a retracement move. And the price is possible to fall again in the direction of 0.786F or even more low 1F.
But the performance between a descending box with the MACD and Stochastic is still not connected to the strong signal. Keep watch and notes.
Platinum/U.S Dollar idea (17/08/2022)Platinum; We expect a rise in wave (3) over The time term. The Rise depends on the first support point 565.43 The correction may have ended in wave (2) at the second support point 835.50 Therefore, the Rise depends on trading above the support point of 835.50
Jamie Gun2Head Trade - Selling Platinum Trade Idea: Selling Platinum
Reasoning: Bearish outside candle on daily chart, head and shoulders top forming?
Entry Level: 925
Take Profit Level: 887
Stop Loss: 936
Risk/Reward: 3.45:1
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Week 08 | XPTUSD | Long Position | H1 | 02-08-2022Platinum has shown inverse head and shoulder pattern and now its in a bullish trend. We can take long position at this stage as the price is still making higher highs and higher lows.
XPTUSD $XPTUSD Initial LongXPTUSD $XPTUSD Initial Long. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
Platinum UpdatePlatinum is about to form a very good daily bullish early pattern. As a result of this, a weekly correction will occur, and if it is extended to an upper time frame, it can go up to a monthly correction. Follow the correction trend line of the daily rising wave. If this first line is broken it will be invalid.
