The green trend line would be the optimal recovery point but the dashed line below is also suitable. Bars pattern showing my thinking of how price will act. The green line is a strong trend line.
A price action below 1220 supports a bearish trend direction. Further bearish confirmation for a break below 1200. The target price is set at 1110. The stop-loss price is set at 1310. The start of downside price momentum (see the lower panel) remains a concern for further downside.
Hello traders, Here is my expectations on Palladium until the end of the year. Good luck all! This is not a financial advice!
Today's focus: Palladium Pattern – Descending triangle / Range Support – 1223 Resistance – 1320 • Palladium added 4.37% on Thursday • Palladium and Platinum ignored USD strength to finish firm on Thursday. Hi, and thanks for checking out today’s analysis. We’re looking at Palladium primarily in today’s video, but we have also mentioned Platnuim, as it also...
Palladium - 24h expiry Support is located at 1220 and should stem dips to this area. We are trading at oversold extremes. We look to buy dips. 1220 continues to hold back the bears. Expect trading to remain mixed and volatile. ´ We look to Buy at 1222.6 (stop at 1206.6) Our profit targets will be 1262.6 and 1272.6 Resistance: 1269 / 1280 / 1300 Support:...
2 Palladium set ups. -Wait until trendline break out.Target WPOC -Wait for .886 .Target WPOC Trend is still bearish
Palladium (XPDUSD) has been trading inside a Channel Down for almost a year. The price ic currently near the top (Lower Highs trend-line) of the Channel Down, just below the 1D MA50 (blue trend-line), which is intact since May 23. The 1D RSI action shows that we are potentially in a similar spot as December 27 2022, when a deep Lower Low sequence started. As long...
I think this is a good entry point for this incredible metal... Interesting use cases .. *Dentistry *Catalytic converters *Electrical components... Good conducter. *Fuel Cell technology 👀
Palladium - 24h expiry Broken out of the channel formation to the upside. We look for a temporary move higher. The primary trend remains bearish. 50 1day EMA is at 1340. Preferred trade is to sell into rallies. We look to Sell at 1339.8 (stop at 1363.8) Our profit targets will be 1279.8 and 1269.8 Resistance: 1322 / 1340 / 1360 Support: 1302 / 1290 /...
XPDUSD formed an inverted hammer candle after setting an Higher Low which indicates the continuation of the uptrend. Going long with stop loss at last HL.
Palladium - 24h expiry We are trading at oversold extremes. There is no clear indication that the downward move is coming to an end. The current move lower is expected to continue. Trading within a Bearish Channel formation. Trend line resistance is located at 1248. The sequence for trading is lower lows and highs. We look to Sell at 1249.4 (stop at...
Palladium - 24h expiry Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. Previous support level of 1262 broken. We are trading at oversold extremes. We look for a temporary move higher. 50 4hour EMA is at 1290. We look to Sell at 1304.8 (stop at 1328.8) Our profit targets...
I am working at at the very begginings of a strat where I would like to use COT data and price action to take futures/forex trades , right now this is idea 2. The logic is we have non commercials , reportables and non reportables , both short , reportables being extremely short vs average deviation ( just looking at it visually at this point ) So , not a long...
Palladium - 24h expiry A bullish reverse Head and Shoulders has formed. Bespoke support is located at 1355. We look to buy dips. With signals for sentiment at oversold extremes, the dip could not be extended. Offers ample risk/reward to buy at the market. We look to Buy at 1350.1 (stop at 1326.1) Our profit targets will be 1410.1 and 1420.1 Resistance:...
Palladium, which hit an all-time high of $3433 in March 2022, has since experienced a major downturn, plunging below the $3000 support level and losing 34% of its peak value by the end of that month. The downward trend persisted throughout 2022, breaching the critical $2000 level in October. A significant bearish move in February 2023 further pushed the price...
Palladium - Intraday The primary trend remains bearish. Preferred trade is to sell into rallies. 20 1day EMA is at 1397. Trading has been mixed and volatile. Daily signals for sentiment are at oversold extremes. We look to Sell at 1397.8 (stop at 1421.8) Our profit targets will be 1337.8 and 1327.8 Resistance: 1400 / 1415 / 1430 Support: 1380 / 1360 /...
So according to the last analysis, I can easily say that it will go up and the price will rapidly increase. Its an expert guarantee.
Analysis: When we take a look at the technicals we can see that price is in a downwards trend. We're seeing lows get broken showing us the bearish momentum. Price has recently broken below a key level of previous support which we now expect will hold as resistance. We don't really have any other added confluences to this setup like a trendline or fib retracement...