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Platinum / U.S. Dollar

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XPTUSD trade ideas

XPT SUPER SWING BUYOn the Weekly timeframe, this pair was on a descending trend, but the past year start making Higher Highs and Higher Lows, forming an ascending channel. the past days broke that descending trend line and the top of the ascending channel, made a retest of that lines and a resistance zone. Right now the price is bouncing on a strong resistance, but i think that got the strenght to broke that resistance, beacuse we got more confirmations to go long. To enter on a super swing trade we will wait to a close of the mentioned resistance zone, and wait for a formation of corrective structure on a lower timeframe to get the full confirmations that the price is going up. For the full analysis, educational content and quality signals service, contact us on Telegram:@FedericoGallo - @MrFlawlezz Instagram: @Forex_society
OANDA:XPTUSDLong
by Forex_Society_FedericoGallo
Platinum - Palladium Ratio at All-Time Lows and BottomingThis commodity ratio cannot go to zero and its the closest to zero it has ever been. This ratio has likely not hit its bottom just yet but this is a strategic time to be building exposure to platinum and reducing exposure to palladium. Even with platinum having broken out of major resistance in the first two weeks of 2020, palladium may still have room to go higher which can continue to push the ratio lower in the short & medium-term, but long-term this is an extremely strong accumulation zone. Look closely at the last time the platinum - palladium ratio was this low. Look at the bottom it formed when palladium topped out in 2000 and platinum bottomed out. Look how effectively the trendlines were respected. Those watching this sector closely and that have the patience to invest during these quiet times will be handsomely rewarded.
TVC:PLATINUMLong
by Ludwig_Von_Mises
4
PLATINUM VIEWPOINT (AS REQUESTED)HERE IS MY VIEWPOINT ON ON PLATINUM. PRICE IS CURRENTLY SAT IN A VERY WELL RESPECTED RESISTANCE ZONE ON DAILY/WEEKLY TIME FRAME SO I'D EXPECT SOME SORT OF PULLBACK FROM THIS ZONE TO THE PREVIOUS STRUCTURAL RESISTANCE WHICH WILL NOW BECOME SUPPORT AND THEN CONTINUE TANKING UPWARDS, ALTERNATIVELY IT WILL BREAK THROUGH THE CURRENT ZONE AND GO STRAIGHT UP TO TARGET (COULD GO LONG ON BREAK OF AREA IF THIS HAPPENS AND PUT SL BELOW HIGHLIGHTED ZONE) AS MY VIEWPOINT IS RESOURCES WILL GO UP IN VALUE (I.E. GOLD, OIL ETC.) THIS COULD ALSO BE A VERY LIKELY OPTION. I HAVE MARKED AN IDEAL ENTRY POINT WITH SL AND TP ZONE MARKED ON THE CHART, OPPORTUNITY IS A GREAT RR SETUP FOR BOTH OPTIONS SO HAVE TO KEEP A VERY CLOSE EYE ON THIS IN THE COMING WEEK AS PLATINUM WAITS FOR NOBODY.
OANDA:XPTUSDLong
by CoinCaller
Oh, come on, you can do better than that !“Never give up, for that is just the place and time that the tide will turn.” ―Harriet Beecher Stowe Yes, I can hear the traders complaining why is Silver and Gold going higher and higher while this precious metal, Platinum is lagging. Maybe not, next week , we might see a change in action. The last bullish candle is promising and very likely to continue its bullish surge. The resistance at 997.33 need to be broken so that the bulls can charge forward higher. Those who had long this precious metal hang on there, I am sure like you ( vested interest), our efforts will be rewarded sooner than later.
OANDA:XPTUSDLong
by dchua1969
2
Platinum: Time to Buy?I think no. Price is currently consolidating around the $1017 level after breaking the $998 strong resistance. $1017 is now a stronger resistance. Platinum broke it in June 2016 and tried to recover it at least four times with no success. My view is a retracement to the EMA 50 level. If you like this idea, don't forget to hit the Like Button! Disclosure: My ideas contain statements and projections based on assumptions on capital markets, and therefore inherently subject to numerous risks and uncertainties. Before buying or selling any stock you should do your own research and reach your own conclusion or consult a financial advisor. Investing includes risks, including loss of principal. I am not a financial advisor.
OANDA:XPTUSDShort
by Investing_Fellow
Platinum In Late Stage of Cup and Handle target $1195Platinum like silver is forming a cup and handle on the short to mid term chart. I expect a breakout to $1195 once the handle is complete. Silver is acting very similar to Platinum. Gold had already completed the short to mid term cup nd handle and now is in the process of a long term cup and handle to possibly complete its cup at all $1850 sometime in the next year or two. I believe platinum and silver will do the same but are waiting for Gold to confirm its longer term Cup and handle before they make there longer term cup and handle formations. All metals show a clear rounding bottoming formation overt the last 6 - 7 years. Gold is leading the way.
TVC:PLATINUMLong
by GoldAddict
Platinum (XPTUSD): Quick Update. Getting closer to our Target.Platinum is approaching our medium term Target Zone of 1,020 - 1,040 as we posted on this idea in late October: As the moment, the current 1D Channel Up (RSI = 66.576, MACD = 14.780, ADX = 30.519, Highs/Lows = 23.68000) has just broken above the Higher High trend line again in a move that strongly resembles the late July/ early August break out. That Channel Up was supported by the 1D MA50 (blue trend line) and on a similar RSI action as today's broke to the upside aggressively to form a market top near 1,000. We assume that as long as the 1D MA50 supports the uptrend, XPTUSD will aggressively break into our Target Zone. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
FX_IDC:XPTUSDLong
by InvestingScope
XPTUSD 1D ASCENDING TRIANGLE BREAKOUT LONG TRADEPlatinum Ascending Triangle Breakout Long Trade Ascending Triangles are repeatable trading chart patterns. Ascending chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
OANDA:XPTUSDLong
by Tradingstrategyguides
Mind the GapAs it is , Palladium has now cross over the 2000 (2095 at time of writing) level as many analysts have correctly predicted. Looking at the chart, this 2000 price level was also where Platinum reached its peak in Feb 2008 (some 12 years ago). Sadly, it has not recovered even half of the peak since that day. It has been a downtrend for the last decade or so. With Gold and Silver enjoying the limelight these days with new highs, the price of Platinum seems to be crawling at snail pace. Well, purely comparing Palladium and Platinum like Heaven and earth, if you have time on your side and some capital, where would you park your funds into ? Could Palladium go to 3000 ? Your guess is as good as mine. However, at around 11,000 price level, Platinum will break out from its long serving bearish trend. Platinum's low or support is around 800 level, so buying it now has limited downside but huge potential upside. You can consider parking 1-3% of your investible capital and basically "buy and hold" for the next few years. If you are more conservative, you can wait for the bearish trend to be broken first then decide if you want to get in. There is no one fixed strategy, employ the one that makes you comfortable.
OANDA:XPTUSDLong
by dchua1969
2
XPTUSD: Rejection of 2019 HIGHThe start of the year sees a rejection of 2019 HIGH with a D1 Bearish Engulf. Are we seeing a reversal of trend? Doubt so. Only a violation of structure low 20th Dec do I see Bears in control IMO. But there's still some decent pips to be earn going SHORT. I would like to see some reaction to the D1 proximal line to go SHORT to the indicated target level. Do note that this is a counter trend trade. So be prudent in position sizing DISCLAIMER: Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice. I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
OANDA:XPTUSDShort
by OFPA_FX