AndriyMoraru
Long

Descending Channel on Palladium @ H4

FX:XPDUSD   Palladium
The descending channel pattern on H4 chart of XPD/USD provides a setup for a bullish breakout. The pattern's borders are shown with the yellow lines. The potential entry level - with the cyan line. The potential take-profit level - with the green line. Stop-loss is to be set to the low of the breakout bar (not shown on the chart).

More information, and an MT4 chart template can be found on http://www.earnforex.com/commodities/price-objective-for-bulls-in-case-palladium-rallies/
Trade closed: target reached: I didn't trade this set-up, but it looks like it has reached the take-profit safely.
You can find a lot of detail about my trading ideas in my blog - https://www.earnforex.com/blog/. You will also find useful tools to find, build, and trade similar patterns - all completely free.
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