XPTUSD
XAUUSD BREAK AND RETEST Here we have a simple break and retest.
Gold broke above resistance at 1573.
Came back retested as support created a morning star candle on the 1 hour time frame.
Before the opening on London, this was a clean and easy setup.
The confluence of different time frames was also another indication to buy.
You could have secured at least 80 pips before market close.
Firing up the power of PlatinumThis is going to be a good opportunity to buy into Platinum cheaper. Wait for the breakout, pullback then execute your buy. Alternatively, it could have another correction as it approaches the trend line.
Be patient.
Always trade with a SL, employ appropriate risk and capital management.
God bless your trades.
XAUUSD SHORT This was a longtime trend line that I had marked up.
Once this trend line was broken with an evening star followed by a bearish engulfing candle you had a nice retest of the trend line.
This does not always happen this clearly cause people can mark up trend line on how they see fit.
If you were not sure after the bearish engulfing you could have waited for the retest and then secure 190 pips.
Was a simple break and retest, all depends on what type of trader you want to be and what fits your trading style.
US30 LongHighlighted we have US30 make is first low near support.
Then when market open we see a pullback being formed.
Check the 30 min time frame we have a morning star formed and take off.
I think its best to let the candle closed first and then enter.
You could have secured an overall of 2200 pips and only risking about 400 pips.
This is just going through market structure, candlestick formation, and then opening of New York session and the stock exchange.
XPTUSD (PLATINUM US DOLLAR) Platinum, which is used to curb emissions from diesel cars and in jewelry, rose more than 21% in 2019 – the biggest annual gain since 2009.
The long-only exchange-traded funds focused on the precious metal attracted $850 million in 2019. That was the biggest annual inflow on record, according to Bloomberg.
Price is making higher highs and higher lows. Sitting at the .382 fib and the 200 EMA.
Waiting to break through 1000.
Platinum (XPTUSD): $1,040 Target reached. Expecting a pull back.XPTUSD reached our 1,040 Target on our long since October 31st, 2019 as seen on the buy call below:
The 1M Bullish Megaphone since September 2018 is still holding (RSI = 57.612, MACD = 6.190, ADX = 38.381, Highs/Lows = 74.3178) and in fact the 1,040 top was its Higher High as seen on the chart. We are now expecting its technical pull back which based on the previous 3 occasions should be within -11% to -14%. As a result this puts the Target Zone within 925 - 895. Note: see how harmonic the RSI sequences are both on the bullish and bearish legs of the Megaphone alike.
This short term pull back doesn't mean that we have turned bearish on Platinum. Our portfolio still holds long term buy positions and we have illustrated our long term bullish sentiment on the idea below:
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XPT SUPER SWING BUYOn the Weekly timeframe, this pair was on a descending trend, but the past year start making Higher Highs and Higher Lows, forming an ascending channel. the past days broke that descending trend line and the top of the ascending channel, made a retest of that lines and a resistance zone. Right now the price is bouncing on a strong resistance, but i think that got the strenght to broke that resistance, beacuse we got more confirmations to go long. To enter on a super swing trade we will wait to a close of the mentioned resistance zone, and wait for a formation of corrective structure on a lower timeframe to get the full confirmations that the price is going up.
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