Entry points, supports and resistances.
For the last published palladium idea: Entry points, resistances and supports.
If it breaks resistance upwards, using new support as entry for a sure entry.
It is possible to entry on the actual support (S1) and "hope" for a break upwards with a strict SL right bellow range. Risky. But for a scale in strategy, could work.
As there is a small RSI divergence (red dotted), support can break downwards to any fib support and ultimately to S2.
For future reference.
If it breaks resistance upwards, using new support as entry for a sure entry.
It is possible to entry on the actual support (S1) and "hope" for a break upwards with a strict SL right bellow range. Risky. But for a scale in strategy, could work.
As there is a small RSI divergence (red dotted), support can break downwards to any fib support and ultimately to S2.
For future reference.
Related publications
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.