My previous short idea for platinum didn't work out as price violated the red trend line in a strong way to the upside. Now price has reversed down again and it looks like the bearish momentum will continue. The first trend line to pay attention to is the blue one. If that one breaks, I would expect further resistance at the red trend line, which will help us stay...
XPTUSD has just ended a strong uptrend and now started to trend lower again. Price appears to respect the trend line with three tests so far. This is a good potential entry point for shorts. About 4.30% downside until first major resistance.
DNB is trading in the bottom of a nice trading range. Potential for a low risk high reward long trade if price opens in the same area it closed on Friday. Stop-loss level just below support line.
MHG has been in a strong uptrend for quite some time and now appears ready for a correction. RSI and price are diverging, signalling reduced momentum in the trend. A strong close below the trend line would signal a short. After the first resistance zone there is potential for an even larger decline.
Go long with the ABC pattern once price closes above the resistance at 150.60.
Tempting to go long at the next test of the trendline, but with the resistance zone ahead I would rather wait. Potential for a better long entry once price has left the area of resistance from 70.50-71.50
YAR has formed an uptrend on the 1H and I expect a bounce off the trendline soon. Additional confirmation of the idea if price trades above the resistance at 282.50.
NHY trending down on the 4H chart and has tested the trendline twice. Short opportunity will be at the next test of the trendline. MA 40 will be my trailing stop.