Palladium has an interesting chart, and bullish potential. Right now there's an active 'Time at mode' signal which points to a 7 bar decline which is already active. The time and price target implies that we will see 600.556 hit by November 3rd or sooner. If that doesn't happen, we get a bullish signal.
There's already a bearish failure, since bears didn't manage to replicate the range of the decline that happened 3 days ago, so it's likely to see a reversal here.
Keep an eye on it. I'll update it once it's safe to go long.
Good luck,
Ivan Labrie.
There's already a bearish failure, since bears didn't manage to replicate the range of the decline that happened 3 days ago, so it's likely to see a reversal here.
Keep an eye on it. I'll update it once it's safe to go long.
Good luck,
Ivan Labrie.
Comment:
You can now trim the stop loss distance and keep a stop at 611.011, and add more to keep risk at 1% total. Last: 627.232
Comment:
Nice move, you may add on dips to 627-628, stops can be all at the same place, or you could move all stops up to 620.
Trade closed manually:
This is a good time to exit longs.
