sugardaddyFED

Perilous Palladium

FX:XPDUSD   Palladium
Palladium             remains a difficult metal to trade and given the bounce of the 50% retracement at 754, we are seeing a strong demand and potentially higher move off this price. We cannot rule out another attempt to take out 787.

1st Buy on the break of 787 with a stop at 778 (risk 10 points) target 804 (reward 17 points).

2nd Buy should price pullback between 765 - 775 level with stop at 756 target between 790 to 800 level.

Should the target profit hit, we could look to reverse the trade and short Palladium             .
really difficult trade, other metals GC, SI, PL, in sell-off today..
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