XPTUSD Target Price 1044.390Pull Back to two Pivot Point Levels. Pull Back to 50% Retracement Level. Enter a buy market execution order.
XPTUSD
PLATINUM The 1D MA50 is the key. Potential long-term bull.Platinum (XPTUSD) has been trading within a (very) long-term Triangle pattern since the September 24 2020 Low. That was the low that initiated a massive rally to the February 16 2021 High that started the long-term Lower Highs trend-line, which lastly rejected the price November 11 2022.
The 1D MA50 (blue trend-line) is the key here. As long as it holds, there are good chances that Platinum will push for another Lower Highs test and potentially a break-out, targeting the 0.618 Fibonacci level.
If the 1D MA50 breaks, we will pursue the Symmetrical Support Zone as our short-term target and the September 24 2020 low (830.00) as our long-term.
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XPTUSD Possible short term bearish moveIn the monthly the price is testing a Supply zone. We could expect a move to the downside.
In the weekly the price is over extended. Also, the price is testing a supply zone which means that a possible move to the down side is coming
In the Daily the situation is the same. The price is over extended and rejecting a supply zone.
All the Higher time frame are in confluence for a bearish move.
XPTUSD (Platinum) Double Top Platinum break supporting trend line.
Now strong support level 873.00
after break 873.00 level double top formation complete.
next target
840
810
795
770....
Week 08 | XPTUSD | Long Position | H1 | 02-08-2022Platinum has shown inverse head and shoulder pattern and now its in a bullish trend. We can take long position at this stage as the price is still making higher highs and higher lows.
XPTUSD $XPTUSD Initial LongXPTUSD $XPTUSD Initial Long. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
Platinum (XPT/USD) Going Bullish???Will Palladium Close Bullish This Month (JULY) ?
This Trade Consists Of A Classic AMD Trade And Traditional SnD +A Few ICT Concepts
I'm Framing A Possible Reversal, Since I've Seen The WEEKLY & DAILY Timeframe Have Swept Liquidity Below And Palladium Is Currently Trading In My Premium Zone (Oversold), NOT OVERSOLD AS IN OSCILATOR INDICATION
My Expectations For This Setup
Small Pullback Towards The Optimal Trade Entry Zone , Creating A Second From The 2 Hour Timeframe
Price Filling The Imbalance Below Or Testing A Bullish Orderblock, As Our ENTRY TRIGGER
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PLATINUM 30th JUNE 2022Platinum is in critical area, closer to breakout support, risk of bearish potential.
Big institutions and companies tend to decrease in demand, even though the supply of platinum is increaseing.
I usually use 2 sources to see the sentiment of big players:
1. LME : London Metal Exchange is a futures and forwards exchange with the world's largest market in standardized forward contracts, futures contracts, and options on base metals. The exchange also offers contracts on ferrous metals and precious metals.
www.lme.com
2. CFTC : Commodity Futures Trading Commission is an independent agency of the US government created in 1974, that regulates the U.S. derivatives markets, which includes futures , swaps, and certain kinds of options.
www.cftc.gov
Due to the uncertainty of these, the price of platinum tends to be bearish.
This is my trading plan on XPTUSD , how about you?
A Hammer is visible on 1Hr Time Frame in XPTUSDA clear hammer pattern is visible on XPDUSD in 1hr time frame. It shows the uptrend in the chart.
PLATINUM Buy opportunity long-termPlatinum (XPTUSD) is trading close to a Support Zone that is holding since the September 2021 Low. It does remain under two Lower Highs trend-lines, the one from the February 16 2021 High and the other from the March 09 2022 High. Technically that is the most optimal buy level for a short-term rebound towards the Internal Lower Highs trend-line and if broken, long-term extension to the Feb 2021 Lower Highs.
If on the other hand we break below the 900.00 Support, we will take that minor loss and turn bearish instead towards the 830.00 September 24 2020 Low.
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PLATINUM 18th MAY 2022Platinum is in critical area, closer to support but at risk of bearish potential.
Big institutions and companies tend to decrease in demand, even though the supply of platinum is also decreasing,
I usually use 2 sources to see the sentiment of big players:
1. LME : London Metal Exchange is a futures and forwards exchange with the world's largest market in standardized forward contracts, futures contracts, and options on base metals. The exchange also offers contracts on ferrous metals and precious metals.
www.lme.com
2. CFTC : Commodity Futures Trading Commission is an independent agency of the US government created in 1974, that regulates the U.S. derivatives markets, which includes futures , swaps, and certain kinds of options.
www.cftc.gov
Due to the uncertainty of these, the price of platinum still tends to be bullish. bearish may occur if the support area breaks out.
This is my trading plan on XPTUSD, how about you?
COPPER 25th APRIL 2022
XPTUSDDue to the fact that the trend line hit the bottom trend line and was rejected, the uptrend to the trend line was determined
PLATINUM - LONGPlatinum is approaching a 1.68 ext and a double bottom.
Time to begin looking for a long.....
Platinum has formed a strong baseAs I said yesterday, I expect Platinum to rise and reach the 1020-1030 resistance zone, and price evolution in the past 24h adds more confidence in this trade.
Looking at the daily posted chart we can see that the drop started in mid-March has stopped in important daily support at around 900 and last week we have a sequence of Doji candles in this zone. Friday we have a strong bull candle and yesterday we have a Pin Bar that is diverging with Gold evolution (hard drop).
Going further my expectations are strongly bullish and only a drop under support would change my opinion.
Platinum- Good 1:3 R:R tradeAfter rising above 1k in mid-April, Platinum has started to roll back down and has dropped to 900 zone important support (see daily chart).
After reaching this support the price started to consolidate last week and finally has broken up.
Now the price came to confirm this break and is trading in the last resistance now support zone.
I expect a new leg up above 1k and I will remain bullish as long as the price is above daily support
#PLATINUM #XPT in a Perfect long-term Channel with 2 extremesPlatinum got rejected two weeks ago on the 'war candle' on the 1W time-frame and is on the 3rd straight red week since. The importance of that rejection, is that the candle closed within the metal's long-term (almost 4 year) Channel Up that started half-way through 2018. As you see XPTUSD tends to trade exclusively within this Channel Up structure, unless a 1W candles closes outside (either above or below) the pattern.
In almost 4 years we had two such 'extreme' cases, one was the March 2020 market crash due to the COVID pandemic, which was the bearish extreme that reached as low as (marginally breaking) the -1.0 Fibonacci extension level and the other the Q1 2021 bullish extreme that reached as high as (marginally breaking) the 2.0 Fibonacci extension level. Notice who both distances are symmetrical on the extremes and that in both cases the candles, despite breaking marginally below/ above, they managed to close back inside the Fibonacci extensions.
Sell swing tradeThis is a beautiful sell setup
Swing to the end, and always remember use protective stoploss as this is one of the factors that gives a trader statistical edge in the market.
Also a very nice risk to reward ratio
