The Platinum / US Dollar pair (XPTUSD) 4H Diagram Technical Analysis Training shows the following:
The XPTUSD pair has made a correction and now is exactly on 0.5 of fib. The KUMO offer now its support. The daily diagram is marginally bullish.
So the first think in mind is that XPTUSD pair will move towards to EMA 200 & Kijun Sen. MACD and RSI is turning bullish.
We have no special candlestick pattern. The pair is above the KUMO, breaching now the Tenkan Sen.
There is a double bottom at 1465. The fib from 1459.3 to 1482.5 (projection) shows the 1475 as first target.
Long for EMA 200 first. Stop loss under 1467.
The XPTUSD pair has made a correction and now is exactly on 0.5 of fib. The KUMO offer now its support. The daily diagram is marginally bullish.
So the first think in mind is that XPTUSD pair will move towards to EMA 200 & Kijun Sen. MACD and RSI is turning bullish.
We have no special candlestick pattern. The pair is above the KUMO, breaching now the Tenkan Sen.
There is a double bottom at 1465. The fib from 1459.3 to 1482.5 (projection) shows the 1475 as first target.
Long for EMA 200 first. Stop loss under 1467.
