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Platinum / U.S. DollarPlatinum / U.S. DollarPlatinum / U.S. Dollar

Platinum / U.S. Dollar

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XPTUSD trade ideas

Platinum could fall to 1000After the short-lived spike above 1300, Platinum fell to 1100. A rise began from this point and a new attempt to conquers 1300 However, the rise is corrective and we can expect a new leg down soon. From a technical perspective, Platinum is trading at 1200 at this moment and is under the trend line support of this channel. Bears hold the upper hand now and rallies above 1200 should be sold. 1k important support could be the medium-term target and a daily close above 1300 would negate this scenario
OANDA:XPTUSDShort
by Mihai_Iacob
3
PLATINUM moving higher 🦐PLATINUM on the 4h chart is moving between an ascending trendline and a daily resistance. The market approached the daily structure and recently break above. According to Plancton's strategy if the conditions will be satisfied we will set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
TVC:PLATINUMLong
by InkyGrip
12
Platinum speculation. Try to notice dependence.Right now plat's doing big round in month chart, as you can see there are many signals to open L's. 1) Alligator 2) CHOPP 3) Woodies CCI Breakout repeats itself from time to time, look at Choppiness index and Woodies, can you see it? There are many strong supports and additionally right now half of crypto ppl are scared of keeping money in their market - we got May and BTC has not reached another ATH for a long time. They are switching to a different, more stable market - this market.
TVC:PLATINUMLong
by UnknownUnicorn15216778
PLATINUM moving higher 🦐PLATINUM on the 4h chart is moving between an ascending trendline and a daily resistance. The market is now approaching to the structure and according to Plancton's strategy if the price will break above we will set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
TVC:PLATINUMLong
by InkyGrip
8
XPTUSD Entry Price Between Fibonacci 0.236 and 0.382Watch for an entry near Fibonacci Retracement Level 0.236 (Price 1256.302) and Resistance Level Turn Support at Price 1255.450. Wait for a price action signal in the form of pin bar at Fibonacci Level Area 0.236 and 0.382. You will want to enter a buy order in the area of Exponential Moving Average Period 10 and Exponential Moving Average Period 20 "AND" the area of Fibonacci Retracement Level 0.236 and 0.382. So, for confluence, use the following factors: Look for a Pin Bar in a pull back at * Fibonacci Retracement Horizontal Level (0.236 0.500) * Support Resistance Horizontal Key Level (1255.450) * Support Resistance Diagonal Level (Trend Line) * Dynamic Support Resistance (EMA 10 EMA 20)
OANDA:XPTUSDLong
by TradeLive-
Lines, probabilities and outcomeHaha, I have some people who PMed me and said my chart is way too simple and either way , I am right, arguing my analysis is weak and lack substance and all. It is OK if you do not accept my analysis, have your own ideas about how to chart or even put nasty comments about how lousy it is. We are all entitled to our own opinions. And like I said, trading can be a lonely game and to have a platform like TV and others for traders to share their thoughts or even vent their anger is a good thing. Trend lines in my chart are really straightforward. I used mainly support, resistance as a GUIDE and not a MUST HAPPEN kind of rule. So, in this Platinum chart, the price can fall to 1114.95 then rebound. But, it may not and continue to slide towards 1059.74. Those who followed me knew that I had a LONG Call on many commodities from Lumber to Soy to Cotton months ago and we did made good profits out of it. Now, we are facing some consolidation which is part and parcel of the price action. Now, the outcome is anyone guess but by relying on historical patterns based on longer term views like monthly and weekly view including other macroeconomic factors and my own analysis, I deduce that commodities will continue to have a bull run this year. On that rough outcome, I narrow down which commodities I want to go long, spreading my eggs across hard commodities like precious metals, gold, silver, platinum, copper, etc and soft commodities like cotton, wheat, corn, etc. For those who prefer not to choose a single commodity and go for the commodity ETF , just do a search on Google. I have also said in some of my posts on commodities that trading this can be volatile and the spikes in price action may not be comfortable for some people. So, ensure you place a small % of your capital into commodities trading if you are not too confident. As always, be it me or any other authors, we are here NOT to sell you the idea of buying commodities (actually we are in a way, like influencing) so, you really need to take it with a pinch of salt and be hardworking and do your own due diligence. Remember, when you make profit, nobody asked you for a dime and so if you lose money, stay cool too. No need to swear vulgarities and hurl sarcastic remarks about how bad the chart is and all. We all have the free will to follow or not follow a certain author so if you think my trend lines are over simplified and cant make money out of it, it is ok with me, just unfollow me and follow others that you like. Simple as that. I remain excited about this PM and others (look out for my trade posts soon) as we are now moving into Q2 of 2021. The bulls are far from over and there are plenty of opportunities to accumulate for those who have yet to get in.
FX_IDC:XPTUSDLong
by dchua1969
3