Trading plan for platinum - Short Strategy – PL1The market goes back down but TWO major resistance could limit the fall.
And don ‘t forget to take your profits…
PL1! trade ideas
Platinum - Looking for lower time short entry Discussing the 5min and 1hr timeframes and laying out both a "possible" roadmap and the way that map can be navigated .....
Platinum goes shortDaily perspective, the rally is broke. Don't trade without Price action confirmation in 1h TF to take that beauty R/R short trade.
Just wait, don't fomo don't rush.
Reject, reject, and reject Keep failing on the negative resistance line. I am confident that platinum is destined to fall. TP 620. Will short more if PL could jump to 830 level
PL1 a short term long for good profit act fastPL1 is recovering from it huge drop and I have reason to believe it will reach 840 in the next few days. There’s been another red candle on the trend line and in the past that meant a rise. I believe it could reach around 840 and maybe slightly more before it drops again. Be vigilant as always to make some profit. Check the link down below for some other charts I did today that you might find interesting.
(Not financial advice)
Great rebound. Interesting rebound because of the reviving economics. I will try to add more shorts on 833.6. TP600, SL 855
Rebound As PredictedI know that the falling yesterday was unsustainable for sure.However, this rebound provided another entry level if you are interested in shorting platinum. $765 was the first level to short, and the second level to short will be at the negative resistance line. If there is any chance platinum could rise to the negative resistance line, I will definitely add more shorts. TP 600! I will inform the stop loss when the price rises(or not) to the resistance
Good Luck
Cashed out, but still holding. As my previous post has mentioned, Platinum have felt for a decent amount after the price hit the upper range. I closed around 50% of my shorts on 765(as the last post has mentioned), another 30% at 752, and will close all of them if price could drop to $605.
Holding shorts.Holding tightly with my shorts from 835.9. Wiped out all the loss from shorting PL earlier. TP 775(conservative). Long run 600.
Amazed with the climbStaright up jumped to the upper level of the range. Waiting to see if there is any sort of retracement incoming. If the decline starts, I will engage a new set of shorts.
