More downside for XPTUSD (Platinum)
XTPUSD has been rallying ever since it broke out of its two week sell off a couple days ago but there are now signs showing that the upward momentum could be coming to a end.
Technical: The 3 EMA is crossing over the 10 EMA to the downside while at the same time the Stochastic is crossing the 50% mark to the downside as well. These Bearish confluences are happening while we are nearing the bottom Trendline, making a breakdown higher probability. Target a 1-1.5% move down from your entry/break
Technical: The 3 EMA is crossing over the 10 EMA to the downside while at the same time the Stochastic is crossing the 50% mark to the downside as well. These Bearish confluences are happening while we are nearing the bottom Trendline, making a breakdown higher probability. Target a 1-1.5% move down from your entry/break
Trade active:
Ive entered shorts after we got a cross over on the EMAs and the Stochastic 50% mark. Im targeting a .75% and 1+% move
Trade closed: stop reached:
The top trendline got broken invalidating the trade
