PLATINUM trade ideas
Platinum Elliot Wave Setupprice already made good correction just comes to table and amazed me.
what a perfect pattern it is absolutely amazing
we are coming down for the C wave from their new journey will start
XPTUSD sell the breakdownBearish set of Platinum against the dollar.
Look for new lows.
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Platium daytrade targetSimple as title, OANDA:XPTUSD seems is being weaker, time for a shorthold ( long term )
Platinum to continue DownLast week I was looking for long opportunities in Platinum but never got the continuation. Very happy I did not take any trades as this commodity took a turn South in line with others.
We have broken back into the decending channel and will wait for a retest fo the upper limit to confirm resistance before taking trades to the next supply and demand zone.
See my link to previous Idea:
Disclaimer: I am still testing my strategies. Not all trades Ideas I post will result in live trades. They might be tested on demos accounts.
Please share your Ideas with me and I am always open to positive criticism.
Remember to use risk according to your appetite.
Thanks for Checking out this Idea.
Potential bottom in XPTUSD - Uprise to approx. 908 USDWhen regarding the VPVR of the last months in XPTUSD we can identify "magnets" of volume. If FibExt is applied to upper "VPVR-magnet" and recent highs, possible Fib-Targets exist AND one them is smaller VPVR-pole. Multiple timeframes showing that XPTUSD is over-selled!
Target could be 908, meanwhile Fib/KeyLevel-Targets could be 793 and 862.
SL: Directly beneath bottom eg. 825.
Would do think? Please share your ideas, don't hesitate to comment ;)
XPTUSD Platinum Price - Bottom of Trading ChannelLooks like price has reached bottom of trading channel - 3 month pattern emerging?
Platinum going LONGWell this pair is very messy but we still have some trading opportunities.
We have a long term ascending level that we still trade in. We have a short term descending channel but we have broken above it and retesting the upper limit.
If I get continuation to the upside I will execute longs to the upper limit of the ascending channel.
Disclaimer: I am still testing my strategies. Not all trades Ideas I post will result in live trades. They might be tested on demos accounts.
Please share your Ideas with me and I am always open to positive criticism.
Remember to use risk according to your appetite.
Thanks for Checking out this Idea.
XPTUSD Entry 937.512 Exit 1007.768 | PlatinumXPTUSD Entry 937.512 Exit 1007.768 (Parallel Channel) (Platinum)
Platinum 9.9.20In my opinion Platinum is under pressure. It looks like its wants to roll over and correct and it will if momentum does not get it going. It may bounce off of the former resistance turned temporary support. but that seems unlikely. If it does i still think it will sell off and go lower.
Platinum's long term direction remains up. It will be nice place to form a base and launch pad for those eventual higher highs. Right now Gold and Silver are at the helm of metals, rightfully so, and i believe they me be a great indicator for other markets.
Short term bullish, medium term bearish. Long term Bullish.
