Technically despite the December bull run on platinum we are still in bearish territory. On the monthly we actually have a thick cloud to go through which at the moment is acting as a good resistance. So my overall bias is bearish for platinum. The weekly candle closed just below the tenkan,which strengthens my bias but however does not allow me act on it just yet. My trading zone is 950-960 area shaded in yellow. If on the daily we break that zone and retest it with failure then il get in and my target will be the 900 area which coincides with the monthly kijun.
So the strategy is similar to that for the rand,basically wait for break , retest, confirmatory rejection then bang!!
So the strategy is similar to that for the rand,basically wait for break , retest, confirmatory rejection then bang!!
