The Platinum market has been forming solid setup, after solid setup in recent times, and now price has moved back lower after forming yet another quality pin bar reversal.
Quite a few traders are cautious of these ‘other‘ markets and will stick to Forex and Gold / Silver only.
However; we all start out cautious…
First we are cautious of trading major Forex pairs and then cross pairs. First Forex is different and before we understand it, it ‘seamed‘ scary and risky.
That is why the best thing to do is both get education about it and practice using or trading it before even considering risking real money trading it.
This market is a great example of why you could consider adding these market to your watch list though…
Just check out either my daily chart below or your own. Not only has it been firing off solid signals, but it is a market that makes free-flowing moves and respects it's levels.
You can find the list of markets and Forex pairs I trade and the reason for this list here;
Whilst price formed a high probability setup on the daily chart, taking into account how price formed on the daily chart, and the small bearish candle that formed the very next next day – I combined both of these two daily candles together and created a “2 Day Chart” to see what it would look like.
This pin bar does something that so often I am helping and explaining to traders and students where they have gone wrong with reversals in that it is formed at the correct swing point and up a major resistance value point, sticking out and away from all other price!
This pin bar is also being played from a key level and has room to move back into.. This is a huge difference than being played as a continuation…
CREATE ANY TIME FRAMES; if you want to make your own 2 day charts or 10 minute or any other time frame charts for that matter on MT4, then jump over to the lesson at – Create Any Time Frame MT4 Indicator
Daily Platinum v USD Day
2 Day Platinum v USD Day Chart – Zoomed Out
2 Day Platinum v USD Day Chart – Zoomed In
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