Vytasbcn
Long

Channel trading on longer TF

FX_IDC:XPTUSD   Platinum / U.S. Dollar
Platinum has just rebounced from the channel floor last week. I am looking into the potential of going to the upper side of the channel and maybe higher if it breaks it. Though not the best entry, but trade is active. Good Risk/Reward Ratio. It would probably take the next few months to go up, if it will.

Bullish engulfing candle on daily and double bottom pattern on 4h.

Enjoy.
Trade active: Entered the trade, though not the best price setup. Probably will add up if it gives better price entries when going up.
Trade active: Let's see if it lifts off now: daily, 4 h, 1 h and 5 min are in the buy zone looking at stockRSI. and 5min is starting to curve up :D
Trade closed: stop reached

Comments

hey, as gold and platinum moves usually follows similar direction .recently gold has broken 1300 and is been bearish since then and many people predict that it might go to 1200 or below so if gold is bearish so platinum will also be bearish.Also, I am holding a huge amount of xpt @870. I would love to see platinum to shoot up but I lost hope since it has broken @1300
Reply
Vytasbcn WasiRehman
@WasiRehman, Yeah, good point. I also would like it to shoot up. We will see. :)
Reply
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