Hello to Everyone!
This is platinum update.
xpt is breaking all time highs as mentioned in previous xpt analysis. Now If market breaks 918 zone then it can go upto 980. Hope it is going to break that zone.
Welcome to everyone!
Recently we have given a very small short based signal. Check the linked post.
Now XPT is turning to the longs mode.
So longs bias right now on platinum.
enjoy the weekend.
Entry: $823.4, SL: $826.50, Target $810
A bit worried that my SL is too tight, my alternative SL would be $829-$830 region which might be appropriate. The chart could go much lower than $790-800 level if $810 is broken so the Risk-reward might make sense from that stand point.
Welcome to everyone.
i just want to share a small thing here about xptusd. There is daily strong supply CP which would actually take some time to break. How it is strong? Because zone 1 (said CP) have been broken the previous strong demand (zone2).
There are some rules in supply and demand which we follow strictly that never allows right now to go long more....
Not financial advice. I’m not a financial advisor. I’m learning to trade. Learn to trade!
Looking like confirmation of a breakdown from bear pennant. Target @ the 755 region
Possibility of a pullback to pattern apex with moving averages above as resistance
Platinum's pattern is less clear to me because of the double overlapping 1-2s from middle of 2017.
It is retested the long term downward sloping trend and has made a move up significantly as of my writing today. It is testing the downward sloping line it created since the beginning of map.
Looks like it will make an attempt at the 200dma. Overall I'm leaning...
Palladium started strong selloff while Platinum holds strong.
PA:PL ratio was at historical highs.
Platinum is holding strong and did make new highs when Palladium made lower high.
COT is confirming reducing commertials positioning in Palladium
I think platinum has now completed leg C and is on its way up to leg D before sellers come in again. It may extend further down a bit more before going up but i think this is a good level to buy before shorting again.
Please note that this chart is an opinion based chart only. Please trade at your own risk
Watching closely to see if Platinum continues its move up. into a 3rd wave from its low of $770.
It is hitting the bottom of significant resistance.
Instead of the 3rd wave, the pattern could be an A B C from its low. If it pulls back below 878 it would be a good sign that this could very much be the C-wave being completed and it will target new lows