XPTUSD trade ideas
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 ;)
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.