Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
Falling wedge + bullish divergence on monthly chart. As soon as it breaks the descending trendline, a long position could be considered in my humble opinion.
Hi there. Price is in an uptrend. Wait for the price to form a continuation pattern and watch strong price action for buy. Platinum as gold and silver is inversely correlated to dollar, so more the dollar fall, platinum rise. Don’t take a trade if you don’t see clearly when big guys are in.
Platinum has nearly completed a 0.382 Fibonacci retracement (860.500) on the 1W chart (1029 Top - 756.500 Bottom) and the price should be technically ready to reverse again lower and follow the long term bearish trend. 4H has already developed a Channel Down (RSI = 43.280, Highs/Lows = -0.2893, B/BP = -3.7820) which may spread to 1D (also on Highs/Lows = -1.3214,...
Both TP 878.128 and 852.737 in extension have been hit as the previous Channel Down on 1D even crossed our estimated 793.519 bottom. This break-out maintains our sentiment on a bearish path for Platinum as a new Channel Down is being developed on 1D (RSI = 41.648, MACD = -12.930, Highs/Lows = -6.5407, B/BP = -19.9240) seeking 740.000 as its next Lower Low. Only if...
This is very clear! Just wait for weekly Golden Cross
XPT 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.
Analysis: 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...
XPT/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!
again a wanna see a flip zone retest to enter short here... trend is your friend
XPTUSD HAVE BIG POTANTIAL FOR LONG JUST WE NEED TO FALLOW CHART OR SET UP BUY STOP FOR FUTURE...
Chart describes better than words. :) Short's possibility is much more than longs but have to watch prices carefully.