PLATINIUM ALWAYS REMEMBER THIS CHART SET UP FOR BIG PROFITXPTUSD HAVE BIG POTANTIAL FOR LONG JUST WE NEED TO FALLOW CHART OR SET UP BUY STOP FOR FUTURE...
Platinum
Platinum sweet shortPlatinum is showing several signs of a peak to place a short with good risk/reward. The CCI is now re entering below 100 after travelling on a highly overbought region. Also, this peak coincides with the upper 0,5 line of the pitchfork. A first target on the lower 0,5 line around the same line of the 0,5 fib.
Thanks for your comments.
Buy the next pullback Equal leg higher
A pullback is a bear trap - upside risk reward seems more viable
Pullback from current higher is deem appropriate to test strength - also to clear out weak longs
Here is why Platinum is going to make a great swing trade- Ratio to gold already maxed out with a double top
- The next confirmation is to trade below 1.20 for a breakout
- It could well be the trade for 2017
- Fundamentally, platinum remains in a supply deficit
- Pullback and dip buying is recommended
- Swing trade will take months to complete
- If fractal is of use - go to platinum weekly chart to compare 2002 to current structure
it is converging to Supply - #ProfitingMeHi,
Platinum PTUSD is very interesting in this moment. It is converging to a strong supply, giving a possibility to take a good sell trade. Of course accepting the risk.
I am a Trader of profiting.me
Thank you
Girolamo Aloe
Platinum says one more high - A fake break below the bullish channel?
- RSI is away from oversold territory - might bounce if the pattern holds
- Overall, daily chart says bullish momentum remained - upside remain constructive
- a bounce off 1016 level maybe all it needs before another trade higher
- Trade according to the large channel but AB=CD pattern is also confirming the move
Looking for another short opportunity- A rebound to 1074 attracts potential interest for shorts to reload
- Risk is 20 while the target is for a retest on the psychological level at 1000
- Risky to bet against the current trend but market looks overbought in the short term
Platinum Contrarian Trade (Need confirmation)- Price remains constructive to trade higher within the rising bullish channel
- Overhead resistance approaching near 1080 - 1100 price levels
- Weekly RSI is bullish but overbought - look out for the 100 weekly MA currently at 1121 for resistance too
- Looking for a short trade at the top of the bullish channel which coincide with 38.2% Fibo move from 2014 high to 2016 low
- Looking at entry at 1087 with stops at 10 and targets a retest of 1000 level at least to make the RR worth it (mind you entry levels might change as we wait for a confirm signal)
- Failure there, we will look for another entry but the risk reward has shifted in favour of a run lower
- However, this trade will need a confirmation from daily candles if a reversal is in place
SILVERSilver looks like is carving out a bottom. Could be the start of a long term rally!
Need to break 18.50 though
COPPERDollar looking weak! It breached key support and it looks like it has formed a double top.
If the dollar continues lower, then copper and other metals should continue higher.
