Platinum coin came for completion of wave fifth now it has shown divergence on rsi signalling for wave five
XPTUSD 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(10000 pips)
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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...
Trading 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...
On 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.
As per my wave analysis, sell is looking good for Platinium.
PLatinum hits the Channel resistance.. short for target of touching lower channe.