PLATINUM trade ideas
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.
XPTUSD - Buy on H4H4:
- Structure: uptrend
- Tendency: Upward
- Pattern: SHS pattern
=> BUY
PLAN:
As picture
PLATINUM - Lovely Trade. I expect the following move in the price of Platinum , thanks for viewing ! This is not financial advice. Please consider your own Due Diligence and Risk MAnagement.
Platinum Head and shoulder neckline break? 🦐Market currently breaking the neckline for a bullish move.
Next level 850 area.
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Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Daily target reached, still looks strong to the upsideWe have been bullish since the last post, we will watch it and trade accordingly
Symmetrical triangle - waiting for directionPlatinum is forming a symmetrical triangle. Currently has formed some support at $900 and resistance at $960. A close above $960 will trigger the long with target at $1100 while a close below R900 will trigger the short idea with target at $800 and back to it's previous range.
Platinum uncertainPlatinum is showing great bull flags patterns recently that should push the price up to 1030 levels.
However, we should fight with the 1010 level first which combined with 1030, should for a strong resistance area.
If it gets broken, we should expect the continuation of the bull flags
Platinum Palladium Ratio has Bottomed. Platinum bull market will look to begin in the next 6-8 months based on past performane when this ratio breaks higher from a bullish downward pointing wedge. Once this occurs a platinum bull market usually follows. Watch with anticipation and it would be prudent to prepare for some platinum purchases in the next few months.
LONG ON PLATINUM PlacedLonging from current levels. Thanks for viewing 1 This is not financial advice , please consider your own DD and RM.
Platinum Elliott Wave Theory + Other Technical Analysis Do not ever Forget the content on all of our analysis are subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Nothing on this video constitutes a personal recommendation. Seek independent financial advice from licensed professionals If you need it.
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