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 ...