Pattern – Descending triangle / Range Support – 1223 Resistance – 1320
• Palladium added 4.37% on Thursday • Palladium and Platinum ignored USD strength to finish firm on Thursday.
Hi, and thanks for checking out today’s analysis. We’re looking at Palladium primarily in today’s video, but we have also mentioned Platnuim, as it also posted a solid session on Thursday.
After yesterday’s rally, we have looked at a few things that have stood out in the buyer's favour, but we have also broken down the remaining hurdles and what we want to see from price to confirm the bullish signs.
Do you trade Palladium? If so, please let us know what you think of the descending triangle pattern and if you agree with current volume supporting yesterday’s move.
If a broker is promoting a long bias on a pair, then you should probably be looking for reasons to sell it. For I'm yet to encounter a broker that enjoys losing and purposely tries to lose money.
Eightcap
⋅
@StewySongs, there's no bias here. It's just a trade idea. I'm an analyst and a trader. I create analysis on setups I think are interesting. Good trading to you.
Yelli_trades
⋅
thanks for sharing it
financialfreedomgoals101
⋅
Waiting for pullback as the second confirmation if there is a another breakout.