POTENTIAL BULLISH ENTRY Dow Theory In Place - higher highs and higher lows Expected in Place (Trend continues) Formation of bullish flag coupled (continuation pattern) SL & TP Levels are defined.
Palladium has been consolidating over a strong support line for a couple weeks. Now it is trying to break the down channel. If it breaks we may see a quick 10% move which Palladium loves to do. Next strong resistance area is around 1600. If we manage to clear that region as well, Palladium may return those old strong days again. The main challenges in front of...
I've been waiting for the reversal on Palladium for a long time! We are seeing green on the weekly, but it might be a failed reversal. Regardless, one has to be in it to win it!
Palladium - 24h expiry - Offers ample risk/reward to buy at the market. We are trading at oversold extremes. Trend line support is located at 1420. Early pessimism is likely to lead to losses although extended attempts lower are expected to fail. We look for a temporary move lower. We look to Buy at 1421.2 (stop at 1397.1) Our profit targets will be...
Is platinum about to break out and never come back?
I'm very bullish about silver moving forward. I firmly believe that at least 75% of your long holdings should be in physical silver in your own custody. 25% can be in paper contracts, stocks or derivatives. I still think there are good trades to be made on the short side, at least for the time being, but always use a stop loss.
Hi Traders As we have been seeing very volatile markets in the past week, trading any direction currently is not easy. It is now, more important than ever, to stick to your strategy and do not let yourself be distracted from potential gains you are missing out on. The worst thing you can do to your portfolio is FOMO. Stay cool-headed and trade the obvious....
Palladium - Intraday - We look to Buy at 1474.1 (stop at 1450.1) Short term bias has turned positive. Previous resistance at 1475 now becomes support. We are trading at oversold extremes. We look to buy dips. We look for gains to be extended today. Our profit targets will be 1534.1 and 1544.1 Resistance: 1515 / 1527 / 1540 Support: 1490 / 1475 /...
I think we will see a sharp drop in precious metals in the coming weeks, and I will be looking for opportunities to build my long position for the long-haul.
With the bank failures we've already experienced in the US and abroad, the markets are going to be volatile for the foreseeable future. We should see a sharp decline in metals as larger positions liquidate to cover other positions, as well as selling shares into the market as short positions increase could create a perfect storm.
If we break the neckline, price may test the weekly pivot point 1440. Disclaimer – WhaleGambit. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this...
Palladium - Intraday - We are trading at oversold extremes. Daily signals are bearish. There is no indication that the selloff is coming to an end. Previous support at 1405 now becomes resistance. We look for a temporary move higher. 50 4hour EMA is at 1408. We look to Sell at 1403.4 (stop at 1427.3) Our profit targets will be 1343.3 and 1333.3...
$XPDUSD small breakout of top bear trend line next month to watch ! a buy is possible
We are trading at oversold extremes. 20 1-day EMA is at 1494. Bullish divergence can be seen on the daily (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher. We look for a temporary move higher. Preferred trade is to sell into rallies. Palladium - Intraday - We...
Our Manual Systematic Program is opening new Palladium short positions. Sell stop: 1444.5 Guaranteed trailing stop: 0.3% of our portfolio for the first position; 0.6% if second. Take profit: Guaranteed trailing stop. Financial engineering: A-book CFDs (Global Prime)
Palladium - Intraday - We look to Sell at 1588.5 (stop at 1611.9) Trades at the lowest level in 60 weeks. We are trading at oversold extremes. There is no clear indication that the downward move is coming to an end. Previous support at 1590 now becomes resistance. We look for a temporary move higher. Our profit targets will be 1530.1 and 1525.1...
Support broken. Further Downside unless it reclaims the support and it proves as a deviation. Looking for shorts unless it reclaims the support.