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...
Hi guys, the Platinum is doing a correction right now and we will look for sell setups on a lower degree time frame in order to enter the trades. Please use reasonable risk management in order to trade this. Back-test your entry strategies like crazy before putting in the money.
Thanks A Million Times For Your Support
Trade With Care
AFTER A RECENT 500+ PIP TRADE WE HAD ON 12.11.2019, HERE IS MY PERSPECTIVE ON PLATINUM. I AM LOOKING TO TAKE ANOTHER ENTRY TO GO LONG. I HAVE BASED MY BIAS OF A WEEKLY/DAILY VIEWPOINT AS THAT IS WHAT I FIND WORKS WITH THIS PAIR. THE THREE LEVELS PLACED ARE THE MOST WELL RESPECTED RESISTANCE ZONES. PRICE IS CURRENTLY IN ONE OF THOSE LEVELS SO SHOULD SEE THE...
Platinum has broken out and is now either consolidating or correcting. In this screencast I show how I approach it from a trend following perspective.
Disclaimer: This is not a recommendation to trade securities. Should you do so, your risk and losses are your own. In other words sue yourself if you lose your money.
The analysis predicts a 2% downward spike movement. However, I am already waiting for the exchange rate. The white dashed line is the ATR axis of wave movements. Which have functioned as resistance axes so far. I look forward to this now. Target price increase is 915 usd.
Amma telling you lot - get ready for PLATINUM!! Avoid dithering. Look at the crazy structure level and support. Yes - price could fall out as well as it could break north. Nonetheless this is an opportunity for a controlled loss (aka stop-loss) on a lower time frame e.g. 1H to 6H. No guarantees - no predictions - no bull! LOL.
Platinum builds a rising wave structure. You are currently in an accumulative phase. You can spike it down, but we don't assume a permanent downward decline. The exchange rate may move in a double rising wave structure, and this wave structure will double, and the exchange rate will accelerate. The goal of the exchange rate is 1100 usd. Forward rise predicted.
Before the XPTUSD rise. It is worth a few moments to deal with the price of platinum. Platinum mines in South Africa are extremely low priced. Slowly this can turn out. At the same time with the strengthening of platinum and palladium. The price of XPTUSD has come to a consolidation stage. It has a low ATR, so too much movement is not expected in the future...