Palladium - 24h expiry
Selling was posted yesterday but levels close to bespoke support of 1000 have found buyers.
1000.2 has been pivotal.
We look to buy dips.
Daily signals are mildly bullish.
The bullish engulfing candle on the 4 hour chart the positive for sentiment.
We look to Buy at 1005.5 (stop at 985.5)
Our profit targets will be 1055.5 and 1065.5...
Trade Idea: Buying Palladium
Reasoning: Finding support at the 61.8% Fibonacci level
Entry Level: 1939.95
Take Profit Level: 2080
Stop Loss: 1911.05
Risk/Reward: 4.86:1
Disclaimer – Signal Centre. 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...
Current price 2329.50 is above 2287.99 the highest resistance line found by Tickeron A.I. Throughout the month of 08/17/20 - 09/16/20, the price experienced a +10% Uptrend. During the week of 09/09/20 - 09/16/20, the FOREX enjoyed a +6% Uptrend growth.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on August 31, 2020. You may want to...
Hi there. Price is forming a possible continuation pattern to the upside. Wait for the price to complete the pattern and watch strong price action for buy.
Here the consolidation is condemned to break for the common good, as a diversionary sacrifice. Covid cases will act as the catalyst undoubtedly. The question is only and above all when?
For those tracking the breakout momentum is much more on the buyers side, clearly defined jurisdictions are on both sides of the map... As a quick cheatsheet: Strong Support...
Hi there. Price is moving impulsively as expected. Wait for the price to complete the continuation pattern that its forming and watch strong price action for sell.
Hi there. Price is forming a reversal pattern to change its direction. Wait for the price to test the previous high and watch strong price action for sell.
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
Palladium futures are moving in an ascending channel, making higher highs and higher lows. It should be safer to only place buys, as sells may be short lived. However, feel free to play the tennis game inside this channel.
This should be an easy one. Do remember that metals are quite expensive to trade so go easy on the lot size if you have a small account so...
Chart shows everything but I'm on the short side of this commodity. Waiting a confirmation before entering a new position. But we could see a possible consolidation between 520 - 480
