The Palladium / US Dollar pair (XPDUSD) 4h Diagram Technical Analysis Training shows the following:
The XPDUSD pair has made a local bottom at 826.6 from where it has reacted towards to Tenkan Sen. It has breached the resistance red line and now follows the green support line.
So the first think in mind is that XPDUSD may move toward to Kijun Sen. MACD is turning bullish and RSI too.
We have no special candlestick pattern. The pair is under the KUMO, on the Tenkan Sen (Green line) and under the Kijun Sen (blue line). The pair is under the EMA 200 (4H) so we can see a movement towards it.
There is no special pattern. The fib from 892.2 to 826.6 (projection) shows a target of correction at 0.618 of fib (at 851.6).
Long for 850 first and then for EMA 200, w/stop loss under 826.
The XPDUSD pair has made a local bottom at 826.6 from where it has reacted towards to Tenkan Sen. It has breached the resistance red line and now follows the green support line.
So the first think in mind is that XPDUSD may move toward to Kijun Sen. MACD is turning bullish and RSI too.
We have no special candlestick pattern. The pair is under the KUMO, on the Tenkan Sen (Green line) and under the Kijun Sen (blue line). The pair is under the EMA 200 (4H) so we can see a movement towards it.
There is no special pattern. The fib from 892.2 to 826.6 (projection) shows a target of correction at 0.618 of fib (at 851.6).
Long for 850 first and then for EMA 200, w/stop loss under 826.
