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Mihai_Iacob
Jun 7, 2023 5:05 AM

Platinum- Inverted head and shoulders Long

PlatinumOANDA

Description

Platinum has started the month with a local low shy under 1k psychological figure, a reversal followed which also led to a break above the descending trend line started in May.
At this moment the price is exactly in the horizontal 1040 resistance and a break above this zone would also confirm an inverted H&S pattern.
Buy trades considering this setup would have a perfect 1:2 R: R
Comments
VincePrince
The setup for this pair is still intact.

Thank you for the considerations.
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