Palladium (XPD/USD), Sell near key level. Short

PALLADIUM (US$/OZ)TVC

Description

⋅ Mar 25, 2019 4:50 PM

Near $1566 is a great place to open Sell

- Low risk
- Price broke down a key level and many 4hour candles bounced down from that level many times
- Potential profit in 5 - 10 times bigger.

It is entry against maint trend Use low risk.

Push like to support this idea.

Trade closed manually

⋅ Mar 25, 2019 5:01 PM

1-hour candle close above a key level

It canceled sell entry

Comment

⋅ Mar 25, 2019 5:02 PM

1-hour candle on XPD/USD close above a key level

There is no entry at this moment

I wait on Daily candle confirmation

Trade closed manually

⋅ Mar 25, 2019 10:01 PM

buy canceled

Trade closed: target reached

⋅ Mar 27, 2019 3:34 PM

Comment

⋅ Mar 27, 2019 3:38 PM

Price moved down 100$

Comments

jasperlawler

⋅ Mar 28, 2019 1:39 PM

Nailed it !

veryevilone

⋅ Mar 25, 2019 4:54 PM

I wouldnt use such a tight stop.Perhaps short between $1580 and $1600 with $1600 as the stop. But other than that i think its a cool idea.

Yuriy_Bishko

⋅ Mar 25, 2019 4:56 PM

@veryevilone, What will be your risk/reward ratio?

veryevilone

⋅ Mar 25, 2019 4:59 PM

@YuriyBishko, something like this. But just my personal idea tbh.