PALLADIUM LONG IDEA (SHORT - MID TERM)
Updated
My previous palladium long idea only hit 4th TP 1655
Idea: Long around 1300 - 1360 range (RR Ratio 5+)
Reason: Rebounded off key support 1350, 1h 2h 4h daily candle shows potential signs of retracement
Additional indicators used to support the case: Downward channel breakout potential , Awesome Oscillator in 1h 2h 4h signals an upcoming correction
TP: Based on key resistance/ support level
SL: Below next resistance/ support level 1250
Key targets (Short-mid term): 1400, 1440, 1470, 1510, 1540, 1575, 1615, 1635, 1655, 1675, 1690, 1710, 1725, 1750, 1770, 1790, 1815, 1830, 1850, 1865
Idea: Long around 1300 - 1360 range (RR Ratio 5+)
Reason: Rebounded off key support 1350, 1h 2h 4h daily candle shows potential signs of retracement
Additional indicators used to support the case: Downward channel breakout potential , Awesome Oscillator in 1h 2h 4h signals an upcoming correction
TP: Based on key resistance/ support level
SL: Below next resistance/ support level 1250
Key targets (Short-mid term): 1400, 1440, 1470, 1510, 1540, 1575, 1615, 1635, 1655, 1675, 1690, 1710, 1725, 1750, 1770, 1790, 1815, 1830, 1850, 1865
Comment
Update: Hit first target 1400 earlierComment
Update: Hit 2nd target 1440 rangeComment
Update: Hit 4th target 1510 rangeComment
Update: Hit target 1635 rangeTrade closed: target reached
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