XPTUSD has just ended a strong uptrend and now started to trend lower again. Price appears to respect the with three tests so far. This is a good potential entry point for shorts. About 4.30% downside until first major resistance.
Well, I think the change in trend direction is more obvious now than back then. Now both the MA 20 & 40 are aligned and price is trading below it. The previous uptrend in both XPT and XPD was very nice and clean, and easy to make money by entering on pullbacks. It will be very interesting to see if the downtrend will be as clean as the previous uptrend on both of these metals :)