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...
Just broke the inner trendline on 1h, it has been going on for quite few days, divergence on the chart, bearish engulfing candle on 1h chart, small range on previous day, just in one of the supply zones on daily and weekly. Incredible risk/reward ratio. I am SHORT to 1.3017 or so.
It has been ranging for the last 2 years in this horizontal channel. It broke down through the middle of it like in December 2014, now it is pulling back to test... I think if it could as well go down to the bottom of it in the next few months.
Well, i will keep this watching as I am not able to trade on this TF. Obviously first you need a signal i guess. :-D
I came by this chart and thought it was interesting area. Down? Up if it breaks the high before Brexit?
It is bullish on all lower frames and bearish on this one and above. It is at resistance levels. so if it is rejected it could be a place to sell.