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Platinum

Platinum Update: Profit=128513 SL=19901 Reward/Risk > 6.5:1 Trade Setup summary: Profit targets=128513 pip (4059 + 6584 + 9744 + 15994 + 23224 + 29189 + 39719) Stop Loss =19901 pip Reward/Risk > 6.5: 1 Current Status: Total Profit: 122387 pip Closed trade(s): 20387 pip Profit Open trade(s): 51000 pip Profit Trade Setup: We opened 7 BUY trade(s) @ 805.00 based on 'previous Forecast' at 2020.07.06 : Closed Profit: TP1 @ 837.90 touched at 2020.07.06 with 4059 pip Profit. TP2 @ 863.15 touched at 2020.07.21 with 6584 pip Profit. TP3 @ 894.75 touched at 2020.07.22 with 9744 pip Profit. 4059 + 6584 + 9744 = 20387 Open Profit: Profit for one trade is 907.00(current price) - 805.00(open price) = 10200 pip 4 trade(s) still open, therefore total profit for open trade(s) is 10200 x 4 = 51000 pip Break-Even 805.00 Technical analysis: . Platinum is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 70 . Trading suggestion: . There is still a possibility of temporary retracement to suggested support line (863.15) again. if so, traders can set orders based on Price Action and expect to reach short-term targets. Take Profits: TP4= @ 957.25 TP5= @ 1029.55 TP6= @ 1089.20 TP7= @ 1194.50 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
FX_IDC:XPTUSDLong
by ForecastCity_ME
12
There is possibility for the beginning of an up trend in XPTUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (797.31). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . Platinum/USDollar is in a range bound and the beginning of uptrend is expected. . The ascending flag taking shape suggests we will soon see another leg higher. . Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. . Relative strength index ( RSI ) is 50. Take Profits: TP1= @ 837.90 TP2= @ 863.15 TP3= @ 894.75 TP4= @ 957.25 TP5= @ 1029.55 TP6= @ 1089.20 TP7= @ 1194.50 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
FX_IDC:XPTUSDLong
by ForecastCity_EU
7