Palladium - screaming for an correction - good risk/reward
Palladium is since August 18 in bull mode and have seen only one healthy correction which is an indicator for an following big dump/correction.
Another reason is the now stagnating economy which is likely to slow down the further growth of palladium price.
Stop loss above 1300 $
Take profit 1 - 1180 $
Take profit 2 - 1060 $
Position turnaround to long if 1300 $ breaks within next days
Another reason is the now stagnating economy which is likely to slow down the further growth of palladium price.
Stop loss above 1300 $
Take profit 1 - 1180 $
Take profit 2 - 1060 $
Position turnaround to long if 1300 $ breaks within next days
Trade closed: stop reached
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.