Platinum wave fifthPlatinum coin came for completion of wave fifth now it has shown divergence on rsi signalling for wave five
Good fortuneXPTUSD broke the descending trending line and retest as well.
now the current structure is a Swing, and even trend reversal is done.
At daily there is a inverted H&S pattern, the red mark is the target of inverted H&S.
Monthly structure Target : 1473(43000 pips)
Daily structure Target : 1143
PLATINUM 4 HOUR ANALYSIS🎆hello traders
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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 o
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 price continues to riseOn the XPTUSD: D1 daily time frame the resistance line has crossed the downtrend. Various technical analysis indicators generated an uptrend. Additional supply growth can be achieved in the event of increased demand for precious metals.
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Displays a symbol's price movements over previous years to identify recurring trends.
