DAILY: Trend is down.
FOUR HR: broken support line and back up to retest. Rejecting 38.2 Fib level of recent move down.
Looking for price to push down the the -27% fib extension, which also confluence with the next support level AND its the 61.8 fib retrace. Then ill be looking to go long again.
CURRENTLY WATCHING THIS. AT THIRD TREND LINE BOUNCE STAGE. SHOWN STRENGTH TODAY WITH PROFIT TAKING / PULL BACK SITTING AT 50% FIB LEVEL AD PRINTING A DOJI POSSIBLY. WATCHING FOR BULLISH MOVE AGAN R/R LOOKS NICE. PLATINUM MOVES LIKE A BULLET TRAIN SO PROTECT PROFITS ASAP.
TODAY I TOOK A LONG AT 816 - WENT TO 823 AND I MOVED STOP TO ENTRY STRAIGHT AWAY. 1 HOUR...
BEEN IN THIS TRADE SINCE STATED DATE OF RISK CALCULATOR. THIS IS A GOOD TIME TO ENTER ALSO.
OFFERS NICE R/R. POUND DUE TO STRENGTH, COULD BE HEADING FOR 200EMA/ PLUS JPY IN TROUBLE WITH DOLLAR MOVES.