dfvold
Short

New Potential Short on Platinum

FX_IDC:XPTUSD   Platinum / US-Dollar
My previous short idea for platinum             didn't work out as price violated the red trend line in a strong way to the upside. Now price has reversed down again and it looks like the bearish momentum will continue. The first trend line to pay attention to is the blue one. If that one breaks, I would expect further resistance at the red trend line , which will help us stay in the trade and not get stopped out.
any comment now?
XPT @ major support zone.
Insane R:R for longs...

What do you think?
Antworten
dfvold MertErten
In my view it can go both ways now. Either a continuation to the downside after consolidation, or a reversal up again. I would turn bullish if we get a close above the daily 20 SMA. Until that happens I probably wouldn't buy XPT.. Where do you see targets for longs now
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I have no idea, monday was UK holiday so maybe we will se some more bears at London open.
I'll try to build very smal lotl longs for longterm / or sell of at 1088-1090.
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possible bullish H&S pattern on 4H.
but I never trust candlestick patterns alone, will need momentum to move this...
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dfvold MertErten
Yes possibly.. I'll wait to see if the bottom holds for a little longer, but there's clearly potential for a very nice uptrend if it holds :)
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This is getting interesting :)

I have shorts, and longs on seperate accounts.

Do you have any active trades?

I really like the PA, good for trading.
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dfvold MertErten
Well, playing both sides then I guess you can't go wrong ;)
My only position now is long AUDCHF since today. It seems to me like a nice pullback in an uptrend on the 4H.
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