Fundamental analysis - Strong bullish COT change towards EURO - COT long/short ratio in favor of EURO - Retail is shorting this asset Technical analysis - Retracement to 4H inverse H&S pattern - Strong demand zone on 1H within right leg
Fundamental outlook - Economic sentiment turned risk-on last two weeks - Upcoming Christmass and new year could be a bigger cataclyst towards risk-on assets - High swap rate (83$ per lot) Technical outlook - 4H charts shows a strong inverse H&S patern - Price retraced to resistance - clean order block on 4H and 1H TF Will try to pyramid this trade as it gives...
Trade setup: XPTUSD 4H - SWING TRADE LON - 72,65% of Institutions are holding LONG positions in Platinum - Daily timeframe in uptrend (made new higher) - 4H downtrend broken by strong demand zone - 15 minute timeframe has inverse head & shoulders as confirmation