Xptusdlong
XPTUSD (Platinum) long entry TP 918usd.XPTUSD (Platinum) long entry TP 918usd. The analysis shows that platinum may turn north from its current level. This is because the D1ATR range seen in the white rectangle stopped at 50%. If you turn from this level (866usd), there may be a significant rise before moving. The D1ATR50% turning points always indicate a strong trend start.
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, my other preciousWeekly divergence and successful backtest of wedge. Should hit a target close to 1300 in a few months.
Platinum eyes for highAfter move down a while ago, Platinum looks good to move up again before going down deeper.
Entrance: 890
Stop: 875
First target: 910
Final target: 929
XPTUSD AnalysisStill, it is in the long trend so do not expect much fall, however quite bullish in the long term and can break previous records
Platinum ready to break higher?Platinum hit a 15 year low in August 2018. Since then price has been consolidating. Platinum historically has been more expensive than gold. Price has possibly broken above the bearish trendline and looks ready to break out.
Seasonality supports the break higher. charts.equityclock.com
On the downside, there seems to be strong support around $780.
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.
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 :)
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
LONG Setup - Possible Bullish Cypher PatternBUY when price hits the PRZ with:
TP#1 = 38.2% retrace of CD
TP#2 = 61.8% retrace of CD
XPTUSD Long idea after correction completesAnalysis:
I've seen XPTUSD show a Impulsive move, and then correctively retrace towards the origin of the impulse.
it has a little further to go hit the reversal zone indicated at the dashed orange lines.
Hypothesis:
I am looking for latent buy orders to kick in at the levels identified.
Price should trade up to resistance where I have indicated by the blue arrow
Risk Management:
Trade potential 4:1 +
Take off half at 1:1, and move stops to Break even. Let rest ride to Target.
If you are concerned going long against short term bearish momentum.. you can wait for a 1D bullish candle before entry.
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