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xptusd .., 1:4 (risk:reward)

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Platinum/U.S Dollar (xptusd)

analysis + trade breakdown :

starting my analysis on the monthly chart (yearly overview) price has been trading in downward range, trading firmly between 2 parallel trendlines which are acting as dynamic support & resistance.

monthly supply level now acting as demand @ 831.300 is in control having pushed price up by ≈10.20% to current price.

inside the bearish channel, price broke out of small structure bearish trendline... forming a full OHLC candlestick above the trendline also indicating shift in current market momentum from bearish to bullish.

i have long position of 1:4 risk, reward from liquidity pool ranging from 911.500 to 905.200 with target targets at supply level of proximal price @ 1072.850 where there is also a liquidity pool ranging from @ 1060.150 - 1072.850.

objects used -

black horizontal trendline - Price Of Interest
blue rectangle - liquidity pool
peach horizontal line - supply/demand proximal price.

supply and demand

put together by : Pako Phutietsile
presented by : currencynerd
courtesy of : TradingView

The Nobel Prize in economics belongs to Satoshi Nakamoto, not Ben Bernanke.

交易結束：目標達成