PL1! trade ideas
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.
Holding shorts Didn’t realize the newly formed resistance line (drawn in black). So I have to adjust SL a little bit higher to 785, and TP remains at 600.
Still bearish on PLAs shown in the chart. Holding my shorts from 758 and will short more if it jumps to 756. TP is still around $600.
Bearish PlatinumAlthough I am a big fan of platinum, I gotta be honest that future dips are approaching this metal. The negative slope has become a steady resistance level, and platinum is once again rejected from the resistance line. I opened new shorts on that level and is patiently waiting for more dips. My TP for Platinum is $605, the lower end of a big range formed a long time ago(you can move the graph to the left side to see the bigger scope) If you are an aggressive investor, you can place your price at $557. Stop Loss at $775, and good luck!
Platinium is to buy nowHello guys, please support this work with the LIKE
we have a confirmed gowing up level
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Do not trade this idea before you make your own analysis!
