Weekly RSI may have bottomed and this offer a great swing long opportunity with a great RR.
With a risk of 10 -20 points, the reward that we are after is at least 60 points (1:3) ratio. Here are some of the reasons to go long:
- Platinum is oversold after the FOMC statement that had a revision lower on US GDP
- Dollar weakness has not transpired into any buying but that is about to change
- A 20 WMA reconnect could be the play for a corrective rally
- 4 hour RSI bullish divergence thus a corrective rally is overdue
With a risk of 10 -20 points, the reward that we are after is at least 60 points (1:3) ratio. Here are some of the reasons to go long:
- Platinum is oversold after the FOMC statement that had a revision lower on US GDP
- Dollar weakness has not transpired into any buying but that is about to change
- A 20 WMA reconnect could be the play for a corrective rally
- 4 hour RSI bullish divergence thus a corrective rally is overdue