Hi TRADERS this is my trade set up for PALLADIUM for the new week ahead
PALLADIUM I am expecting a break above the 22066.50 level , so I am only looking for a buy trade after this break out
This is my analysis only please trade with caution and risk management in place
clean crisp charts I hope it helps if you have any questions please private message me
PALLADIUM (XPDUSD) has given a breakout from falling trendline and is sustaining above it.
We are expecting bulls to continue their attack and break all minor resistance. A buy on dip stance should be adopted with calculated risk one can ride the uptrend.
Trade your levels accordingly.
As I mentioned in our previous analysis, we considered the price correction to the specified levels to be possible, which happened now that we are trading at the end of the week. . And we predict growth up to specified prices. Also, the well-formed M model has been completed and we will be deciding to start a bullish price rally in the coming days .Otherwise the...
An idea suggesting bull continuation for palladium
Price can be seen to be sitting right on 4.618 of a trend that was drawn within the bull structure
This is a possible recovery point
It also aligns nicely when a trendline is drawn across the top of the two circles, providing a possible target
The green lines are strong support areas if the bull idea does not...
Palladium - Monthly chart is making a come back after falling off the cliff in the past few months. The drop can be viewed as a much needed correction in the overall bullish trend in the metals market. Price action is telling me that palladium prices have found the floor and now price looks set to bounce back up to possibly new highs in the next coming months to years.
Palladium (XPDUSD) has been trading within a Fibonacci Channel and is turning into one of the best long-term investments as the price is approaching the MA200 (orange trend-line) on the 1W time-frame. This level has been in support ever since XPD broke parabolically to the upside (January 2017). At the same time, it happens to be resting exactly at the bottom of...
Pattern: Channel Up on 1D.
Signal: Buy as the price is rebounding after hitting the 1D MA200 (orange trend-line) and the 1 year RSI Support. You can wait for the MACD Bullish Cross to confirm that.
Target: 2950 (top/ Higher High of the Channel Up) and 3300 in extension (1.5 Fibonacci extension as with previous Highs).
** Please support this idea with your...
Pattern: Channel Up on 1D.
Signal: As long as the 4H MA200 (yellow trend-line) supports, buy the dips. If it breaks potential prolonged sideways action until the 1D MA200 (orange trend-line) approaches.
Target: Trade within the patterns that will be formed.
** Please support this idea with your likes and comments, it is the best way to keep it relevant and...
Idea for palladium
A bullflag has formed just below a key fib level
This will likely break the level and push it higher
The open moving averages is a very bullish sign as seen in the comparison to BTC during the 2017 bull run
Previous thoughts on Palladium
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