31 May '17, 1am

#05 – Trading In Consolidation Zone: This week, I have decided to trade in a consolidated commodity ; Platinum. As… https://t.co/90LsefgUZ1

This week, I have decided to trade in a consolidated commodity ; Platinum. As you can see on the Monthly Chart , market has a higher high and higher low ( conflict between two trend indication of a bear/bull market). What really got me interest in this commodity was the daily chart. Price action on the Daily Chart shows a “Textbook” bearish short-term trend where market is heading back to key level (seeking supply) and, that was what enticed me. Obviously, being risk conservative, I entered on a smaller time frame. On the 4 Hour Chart , market have shown sign of reversal as circled, which has led me to execute an order. The first trade made was caught up with a loss as you can see market has slapped me out. What led to my second entry was a Doji formed on daily while having another reversal pattern on 4hour. This …

Full article: http://thefinance.sg/2017/05/31/05-trading-in-consolidati...

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