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Eck_Capital

Long Platinum XPT/USD for break out of downward channel

Long
Platinum / U.S. Dollar (OANDA:XPTUSD)  
Eck_Capital Updated   
OANDA:XPTUSD   Platinum / U.S. Dollar
Chart Patterns Parallel Channel Beyond Technical Analysis platinumlong
2
4
chartpattern parallelchannel beyondta platinumlong
Strong candle as of Friday's close. Took long position in anticipation of break higher. Net positioning is lean and elevated shorts should help Platinum in the near-term. A generally weaker USD after the recent rally will also be supportive of this move. The longer term range of 890/900 and 1000 is a reasonable strategy to trade.
Trade closed: stop reached
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