Toptok

XPDUSD - Continuing up or falling back further down?

OANDA:XPDUSD   CFDs on Palladium
Since the rally to 2525 price started to cooldown a bit. Price formed a range now around (2333-2256 region) the 38.2% fib level. If prices whishes to continue upwards then it must hold the bottom of the range. safest execution would be to enter on a break&retest of the range. This ofcourse applies for both ways. Palladium refused to fall down even with the pressure from the 'coronavirus' while equivalent commodities took hard hits, this is why i think there is possible more room for palladium to go up.
-We must monitor price carefully and execute on what we see, not what we think.
~Gratz TopTok.
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