Platinum Short term trade
Updated
SHORT TERM SELL
Platinum is in a short term downtrend and it is reaching it's top trendline.
Dollar index was raising and was now consolidating, which I would expect to end soon and if it starts going up again, that would pressure commodity prices.
I will post when entering the trade.
Platinum is in a short term downtrend and it is reaching it's top trendline.
Dollar index was raising and was now consolidating, which I would expect to end soon and if it starts going up again, that would pressure commodity prices.
I will post when entering the trade.
Trade active
SL 1 dollar above the trend lineGood luck
Trade active
I am closing half of my position right now. I set a target for another half position at 826,755 $, when that target is reached I may move it further.<b>NOTE:</b> I close may positions not based on technical analysis, rather I close them because I distrust sole TA especially in such short term. I am initially a stock trader using event driven strategies, therefore tend look for fundamental justifications for trades. If you feel confident with your TA do not TP as soon as I do. :) Good luck !
Trade closed: stop reached
Very unfortunate breakout. I have been lucky enough to take profit of half of my position. Now looking for buying opportunities.
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