Platinum is moving to a key level where we can open LongPlatinum is moving to a key level where we can open Long
2 weeks ago the price made fake broke at key level $810 and D1 close upper it. That showed to us that big players have an interest in buying.
Currency rate is making pull beak down.
I recommend opening Long near: $810
S/L under low $796
T/ P1: $1010
S/L: $1147
It is deal for long-term traders. If everything will work on my scenario, it can take 1–2 months before the price will hit T/P.
XPTUSD
BEARISH PLATINUM - RICH MAN'S GOLD SETS UP FOR THE POOR MANThis is in a strong bearish monthly trend, and appears to be targeting around $800, with support on the downside to $740. Although market is Bearish now, Platinum is going to get a lot of demand boost in the coming decades! The supply/demand dynamics are overblown. Expect $1200 + in around 4 - 5 years (2022 - 2023)
Standard Channel Down and new Lower HighPlatinum is trading on a long term 1W Channel Down (Highs/Lows = -12.1143, B/BP = -36.7780, MACD = -13.210) that started off in late January and has just priced the latest Lower High near 915. With 4H neutral (RSI = 50.443, Williams = -46.789) around the blue line, we expect the decline to a new Lower Low to start soon. The TP is at least the previous Lower Low at 877.90 but more risk averse traders can book the profit earlier ay 893.40.
XPTUSD Long Trade SetupHello traders
Platinum has a great potential for upside but in the meantime, there is still chance for more down move. If the structure between the yellow lines is a contracting flat the structure between green lines should be the correction after reversal impulse and it should go up. If the structure between orange lines is a running flat, it will keep going down. But even in this scenario, I'm expecting some correction. That's why I have placed an entry order. My plan is to take the trade move stop-loss to break even and see the potential. If it breaks the previous bottom, I will move the entry price and stop-loss accordingly.
XPT ShortXPT Short
- TVC:DXY strength warrants OANDA:XPTUSD bearish view
- Trend is negative
- Diminished price-volume support below 884
- Looking to short on confirmed support break(blue line on intraday chart
- Alternative thesis on TVC:DXY weakness, might see a jump off support and retrace to 906. Will look to long at that level.
XPTUSD Long Trade SetupHello, traders.
I'm expecting very nice up move in platinum. You can see my higher degree expectation in the followed chart, but it is almost impossible to explain by drawing because there are a lot of options. So, if you want to see detailed analysis, please watch today's analysis video on Youtube.
The last down move has 5 waves already and the 5th wave looks like a reversal pattern. That's why I have put an entry order as you can see. The stop-loss is not certain. If the price goes deeper levels I will rearrange the entry price, stop-loss and lot size according to new bottoms.
Platinum - Bullish BatWhat's up guys, here's a setup I've been looking at for a while. I'm not a position trader- I don't like to hold trades for any longer than a couple of weeks max. That aside, I have saw this pattern coming for almost 2 months since the B level was broken (one could have BAMM'd it!)
Here we have a bullish bat formation on platinum. The support level where the pattern falls has not been broken since 2016, and even that was brief. Since the chart in front of us began back in 2006 price has not been below the current support level for any longer than one month. For a precious metal of which there is less than one swimming pool on earth, price seems to be pretty low. This my prove to be a reasonable level for anyone looking to hold platinum long term.
Bat Ratios
B = 0.382-0.5
C = 0.382-0.886
D = 1.618-2.618
X to D = 0.886
XPTUSD Long idea after correction completesAnalysis:
I've seen XPTUSD show a Impulsive move, and then correctively retrace towards the origin of the impulse.
it has a little further to go hit the reversal zone indicated at the dashed orange lines.
Hypothesis:
I am looking for latent buy orders to kick in at the levels identified.
Price should trade up to resistance where I have indicated by the blue arrow
Risk Management:
Trade potential 4:1 +
Take off half at 1:1, and move stops to Break even. Let rest ride to Target.
If you are concerned going long against short term bearish momentum.. you can wait for a 1D bullish candle before entry.
PS: If my analysis is to your liking... please like the post & subscribe. Thanks.
Palladium long...Palladium long. The exchange rate reached the bottom of the correction. This level is 900 usd. The figure shows that XPDUSD corrects in a double wave structure. Then this is followed by a steep rise. The structure of the dual waves of the last weeks is distant. Especially due to the decreasing ATR speed. Therefore, the further increase may be half as much as the more permanent rise ahead. If the place is the theory, I expect a steeper rising wave with a sloping slope. The primary target price is 1377 usd.
Platinum trade idea, for the trade war ($XPT)The idea is that platinum would move between the two-blue line (these are recent daily support and resistance lines). It looks like Platinum founds its bottom and is ready to move up, to the price level of 1020 (which might be a recent resistance line of the weekly) , even do the RSI has not yet curved up it is clearly oversold on the daily.
But last Friday candle shows a bullish sign.
When the situation comes that coming week, the price will fall, there is are strong resistance zone between 893.7 (the weekly support line) and 901,37 (the daily support line). (If this break, it hits my stop loss).
I assume, because of the coming trade war, commodities like gold and platinum will be a save heaven for investors.
My targets are:
1: 1020
2: 1092
3: 1159
Stop loss, below the 890
****This is not an investment advice, this is just a random thought and want to test my own hypothesis of the coming trade war, feel free to comment and join this trade, but remember never invest more than you can lose*****
XPT/USD - 500 Pips ShortXPT/USD is currently in a bearish free falling trend.
No retaliation has yet been met. We can expect it to continue further below until a strong support and consolidation is undergoing which would mark it's reversal point.
Risk management is an important pillar of trading succesfully.
Wish you all the best!