Looking at the wicks where price has on the daily chart, it looks as if price has rejected that point and wants to go down. However, decides to go up and break resistance, you should expect some kind of impulse.
Commodities quoted as XXXUSD are expected to rally up at triangle crash of JPY, USD & CAD. Mainly because the prices are quoted in USD which is going to devalue hence any rate XXXUSD will go up.
XPDUSD big return. The price of palladium had built a correction channel that slowed down to 840usd. This level is probable to the bottom of the decreasing correction ABC wave structure. If our theory is correct, it may be a slightly flat but very long-lasting rise. The third wave of wave structure rising from 462usd. The target price is 1405usd.
Palladium showing major weakness and a drop to mid 700s is becoming increasingly likely. I am short. Palladium going lower is generally a bad signal for ALL metals ( gold -0.97% and silver -1.55% ).
This is one to watch...longterm I am bullish, but things might get choppy.
Hello traders. I think down move is either a weekly correction or daily correction or impulse. In any case, there is a big potential for more downside. That's why I'm looking for short trade setups. I have an entry order because the structure looks like a correction so far. In the meantime, I'm waiting for the breakout and a correction to take a short trade. If I...
Hello, traders. I think down move is either a weekly correction or daily correction or impulse. In any case, there is a big potential for more downside. That's why I'm looking for short trade setups. I have an entry order because the structure between yellow lines looks like an expanding flat. Target is not clear, leave it empty.
These are high probability tops in both spreads.
Hello traders. After new all time high record Palladium turn down sharply and then it makes a correction. I put an entry order below previous bottom with stoploss above last top, because we have broken trendline. When it is tagged, I will move the stoploss above the correction (for now 1050). My long term forecast: Target is huge. Even if it makes a lower degree...
I have published previously on the silver/gold ratio. Silver is bound to outperform gold over time. The question is whether platinum will outperform silver and gold, or underperform both metals. Watch the dotted line for a breakout. If anyone has interesting research on platinum please post in comments below or pm me (fundamental or historical is preferred). 954...
Dear traders, Here is a new LONG signal on PALLADIUM/XPDUSD : Entry : 922.698 SL : 907.531 TP1 : 941.12 TP2 : 959.295 Reasons for this long : After the very nice long we had last month, I've waited for this correction before re-entering this long. Metals have taken quite a beating recently, but I do see global trend as bullish. Trade with your own diligence, GL HF
Haven't figured out a way to trade this yet. I've been pricing palladium against many other assets and do not see a clear opportunity. Going to sit this one out until there is more clarity for the type of trade to structure.
These two markets look interesting together because of the similar price action. Notice how rice was in a descending triangle followed by a breakout. These are typically bearish patterns, but not always, clearly. I believe platinum is in the same consolidation phase before it breaks out. Notice it took rice approximately two years to break out from its established...
It's an unusual trade. Everytime we open a trade we look at the bigger picture. In case of Palladium, it's already very high, close to highest price of history. So this is not a usual place to buy. But this is because it's not a usual place to buy that's we open a LONG. We have a breakout on daily, confirmed by 4H. We could see a retest of previous high around...
Whilst looking up at my trades -- and the technical outlooks -- of the market beforehand the NFP, several of them suggested a further decline on the Dollar. Meaning, bad NFP number; an increase on the annual wage growth would then be the only data that could save data. But no... NFP sealed the fate of Dollar. Beforehand the actual release of the data, I entered...
Been calling this one for months now and still waiting for the move out of this ascending wedge... still confident it will come. Sell it up here at resistance and wait for the break down.
I am expecting a short term break down. Further details are explained well on the chart.