Wave-Trader
Long

XPDUSD Look for 1500 USD Target

OANDA:XPDUSD   CFDs on Palladium
Hi there.

Palladium is in strong bullish trend . We are looking for the trend to continue and hit the 1500 USD. Currently Palladium is correcting on 4 hr time frame and we are looking for this correction to continue for more upside before any bigger correction or change in trend.

Lets come to the point.

How you can trade on this chart.

1. Watch for the strong breakout and look for long.

Or

2. Wait for the price to test the bottom and then look for buy there.

Currently we are expecting it to form flag before rise if we are not going to see flag and going to see another pattern then we may see entry levels at different areas.

Note: Correction can get bigger.

In case price breaks below and turn in to daily correction then we will look for change in pattern formation before we start to look for buy on Palladium.

Good Luck
Comment:
Comment: Nice wave.
Comment:
whats your latest update on this?
Reply
Seems that it is going sideways for a bit. No doubt can go higher, but it seems a bit overextended on the higher time frames. A long term short could also be interesting.
Reply
Wrong Ideea name (xrpusd)
Reply
Very good setup Boss !!, best luck
Reply
Very interesting. Here is a longer term perspective:

+1 Reply
Unlikely, in my humble opinion. Much more likely is the following continuation:

Reply
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