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Platinum / U.S. Dollar

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XPTUSD trade ideas

Platinum/Aberdeen Standard Physical Platinum Shares ETF (PPLT)At current levels, the reward-to-risk for a buy/long on Platinum is starting to appear compelling. Time Frame: Medium Term The bear flag we highlighted in May has fully 'played out', with the commodity now being 21% off its YTD high. At current levels, it is trading at levels of interest, that being: - The lower boundary of its 200-period linear regression channel. - The 61.8% Fibonacci retracement level, of which the current test of the zone is the second in the last 6 weeks. A 'conviction candle' above line A_B would suggest a reversal of trend, from bearish to neutral and then possibly bullish. Provisional Levels: Buy on break of line A_B (approximately above $1063 from current levels) Stop-loss: $1022 Target: $1163 Current: $1054 Exposure also possible via the Aberdeen Standard Physical Platinum Shares ETF (PPLT)
TVC:PLATINUMLong
by LD_Perspectives
XPTUSD About to confirm a bullish break-out.Pattern: Bullish Megaphone on 1D. Signal: Buy as the RSI broke above its Lower Highs trend-line. For a stronger confirmation you may wait for either a break above the 1D MA50 (blue trend-line) or the Lower Highs trend-line of the price since the February 16 High. Target: Either the 5.0 or 6.0 Fibonacci extension. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> Ether2020 --------------------------------------------------------------------------------------------------------
FX_IDC:XPTUSDLong
by TradingShot
3
SILVER a turn at the 0.618 🦐SILVER after the last bearish impulse retraced at the 0.618 first and then retested the 0.5. Now the market is approaching daily support and according to Plancton's strategy if the market will break below we will set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. 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 the Plancton0618 strategy will trigger.
TVC:PLATINUMShort
by InkyGrip
8
XPTUSD – bearish continuation …07 June, 2021While Gold had been rising, Platinum has been on a decline recently. It did make a multi-year high on 16 Feb but fell back right away. Recently it has been consolidating within a channel and on Thu last week , it broke out impulsively below it. Friday’s price action was choppy (check out H4 chart) and I see it like a pullback to the channel bottom. I anticipate a bearish continuation in this metal with targets located at $1128 and possibly $1000 area. As always, watching the price action on a lower time frame before committing to a trade is advisable. If you like my analysis, please give it a “thumbs up” and follow me to get immediate notifications. Always use sound money and risk management in all your trades.
OANDA:XPTUSDShort
by Trading_Vista
1