Platinum FuturesLong
Open Trade y Esperar que pasa.
I opened this trade without clearly thinking, inspite of drawing clearly what I charted. So I kinda felt forced left a huge opening, and went super heavy. So the next analisis is what I should´ve done. We see that in a higher time frame we have a clear downtrend; so we are expecting a couple of things. Either this upward move is just a retest of previous lows to se if it continues breaking so we should be careful of the upper lightblue line (a support transformed to resistance after broken). So right now we have an open position with a stoploss at an exact 1:1 RR to see what happens also we are waiting for a low to form a valid trendline going up. For this strategy since it is a 2 Touch point trandline we use a support as confirmatión for the change of trend. We expect to at least hit the higher time frame downtrend. NOW WE WAIT AND SEE WHAT HAPPENS.
WE CLOSE IF:
1. It hits and the upper resistance and gets rejected.
2. It hits stoploss at 1:1 RR
3. It breaks our uptrend trendline.
WE CLOSE IF:
1. It hits and the upper resistance and gets rejected.
2. It hits stoploss at 1:1 RR
3. It breaks our uptrend trendline.
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