Platinum 8 hour Pin bar As of now price is chewing on the tails of the Pin bar but the Pin is still in the play. Look for price reversal to the upside still.
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
PLATINUM trade ideas
90 min Platinum future chart shows possible CMF crossing down 0 Watch out here.
If the 0 line holds it would be bullish given the strong seasonality.
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
Platinum shorts should be very nervous here2 Day chart shows price and StocRSI having hidden divergence while price is way above 200 day EMA. This is a sign of trend (up) continuation.
Plus, seasonality chart indicates that the month of Jan is traditionally a very bullish month for the metal with average 3%+ gain followed by a even stronger February.
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
Platinum short should be wary too here8 hour StocRSI and RSI both showing hidden divergence while price stays above 200 EMA. This could be a good indication that the upward trend WILL continue. Expecting the short term bounce to the $1090 area.
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
XPTUSD BUY on D1H4
- Structure: Uptrend
- Tendency: rising
-=> BUY Limit
-trade enter: 913.078
PLAN:
As picture
Guys it looks like another great deal coming up, if you missed my last XPTUSD trade don’t worry new opportunity is coming up.
Just don’t forget XPT it takes a time both it worth it.
God bless you
Platinum be cautious here Monthly chart shows a little worrisome sign here. Not like other precious metals. Closely watch what will up fold over the next weeks...
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
The fate of platinum in 2021What's it going to be like ? It is now hoovering at the resistance level area for the last 3 weeks. It might consolidate a while more before we see a breakout of the bearish trend line.
I am bullish on it just like my stand in Silver and other commodities I trade.
Unless you know what you are doing, you NEED NOT have all commodities in your portfolio. It is difficult to say how much allocation you should have as different people have different goals, strategies and knowledge. And always, always trade with a STOP LOSS. Nobody can predict the market (those who say they can are seldom traders themselves but earn their money through their "predictions")so just because it has been good the last few months, it may or may not be enjoying such trend in the future. That is why you need STOP LOSS to protect your money.