PLATINUM SELL TRADEI am going to wait for the price to break out of the correctional channel in the lower time-frames; and if it breaks to the downside, we we will taking a short position.
XPTUSD
PLATINUM BUY (PLATINUM – US DOLLAR)Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
Platinum in reverted head and shoulders configurationXPTUSD is currently in reverted head (h) and shoulders (s1 and s2), the neckline N has been broken and a pullback is observed on it. After the pullback XPTUSD price will probably increase to 920$
XPT (PLATINUM) MONTHLYFalling wedge + bullish divergence on monthly chart. As soon as it breaks the descending trendline, a long position could be considered in my humble opinion.
PLATINUM BUYHi there. Price is in an uptrend. Wait for the price to form a continuation pattern and watch strong price action for buy. Platinum as gold and silver is inversely correlated to dollar, so more the dollar fall, platinum rise.
Don’t take a trade if you don’t see clearly when big guys are in.
XPTUSD: Pull back completed. Resuming the bearish trend.Platinum has nearly completed a 0.382 Fibonacci retracement (860.500) on the 1W chart (1029 Top - 756.500 Bottom) and the price should be technically ready to reverse again lower and follow the long term bearish trend. 4H has already developed a Channel Down (RSI = 43.280, Highs/Lows = -0.2893, B/BP = -3.7820) which may spread to 1D (also on Highs/Lows = -1.3214, B/BP = -2.800). 807.070 is the 1D support that needs to be crossed. Also watch for the Higher Low supporting lines (indicated in red). Short, TP = 792.940 and 756.550 in extension.
$PLATINUM XPTUSD coming back from 2 decade lows $PLATINUM XPTUSD coming back from 2 decade lows . Needs RSI to go above 50 and stay there. Also watch for 21ema/50dma cross. This can be epic
XPT/USD - Long Term ReversalXPT/USD has for the first time broken above the 200 EMA since the beginning of the year of 2018.
This is a good sign of long term reversal from a bearish trend to a bullish trend.
***We can expect it to move higher up if the current support above the 50 EMA on the 4 Hour holds strong.
Give it some more time for confirmation, and enter as it confirms its support and strength to move up.
Trade safe :)
Inverted Adam and Eve Reversal Pattern - BullishXPTUSD broke out of the Adam and Eve pattern.
Cheers!
Commodities expected to rally up at triangle crashCommodities quoted as XXXUSD are expected to rally up at triangle crash of JPY, USD & CAD. Mainly because the prices are quoted in USD which is going to devalue hence any rate XXXUSD will go up.
Targets hit. New bearish pattern in development. Short.Both TP 878.128 and 852.737 in extension have been hit as the previous Channel Down on 1D even crossed our estimated 793.519 bottom. This break-out maintains our sentiment on a bearish path for Platinum as a new Channel Down is being developed on 1D (RSI = 41.648, MACD = -12.930, Highs/Lows = -6.5407, B/BP = -19.9240) seeking 740.000 as its next Lower Low. Only if 846.20 gets crossed, can we consider the probability of a trend reversal, as it will break the Lower High on the 1W Channel Down. Unless that happens, we will stay short on XPTUSD with new TP = 756.538 and 740.857 in extension.
XPTUSD Can it hold long term support?XPTUSD Can it hold long term support?
A big move on the way
These are my own ideas for education purposes,
Love to hear your thoughts?
ALWAYS TRADE SAFE
xptusdplatinum has finally made its way down to the reversal zone where it has had several fake breakouts, expect it to rise to around 980 within the following weeks if there is no high impact news. -P
This is very clear! Just wait for weekly Golden CrossThis is very clear! Just wait for weekly Golden Cross
Possible bottoming pattern on PlatinumI am long from 815 based on the 4hr chart.
Some evidence for a potential bottom:
There is a major bottoming developing in the spread between platinum and palladium. Platinum is on the verge of rebounding aggressively against it. This trade is very low risk from here.
Obviously we would need the dollar to turn lower if platinum's rise is actually sustainable. For this reason, my trading time frame will remain small (4hr - daily), however, the weekly chart is showing a strong close once today is finished as long as price stays in this range.
Platinum is moving to a key level where we can open LongPlatinum is moving to a key level where we can open Long
2 weeks ago the price made fake broke at key level $810 and D1 close upper it. That showed to us that big players have an interest in buying.
Currency rate is making pull beak down.
I recommend opening Long near: $810
S/L under low $796
T/ P1: $1010
S/L: $1147
It is deal for long-term traders. If everything will work on my scenario, it can take 1–2 months before the price will hit T/P.
BULLIAH SHARK XPTUSDLONG OPPORTUNITY ON XPTUSD
Bullish Shark (Highlighted Yellow Moving Forward)
Two entries given on the chart.
Goodluck
