PALLADIUM LONG IDEA (MID TERM)
Updated
Idea: Long around 1500 - 1560 range (RR Ratio 3+)
Reason: Rebounded off key support 1540, 1h 2h 4h daily candle shows potential signs of retracement
Additional indicators used to support the case: Double bottom, Awesome Oscillator in 1h 2h 4h signals an upcoming correction
TP: Based on key resistance/ support level
SL: Below next resistance/ support level 1470 (safer < 1450)
Key targets (Short-mid term): 1590, 1615, 1635, 1655, 1675, 1690, 1710, 1725, 1750, 1770, 1790, 1815, 1830, 1850, 1865
Reason: Rebounded off key support 1540, 1h 2h 4h daily candle shows potential signs of retracement
Additional indicators used to support the case: Double bottom, Awesome Oscillator in 1h 2h 4h signals an upcoming correction
TP: Based on key resistance/ support level
SL: Below next resistance/ support level 1470 (safer < 1450)
Key targets (Short-mid term): 1590, 1615, 1635, 1655, 1675, 1690, 1710, 1725, 1750, 1770, 1790, 1815, 1830, 1850, 1865
Comment
Update: Hit target range 1615Trade closed: stop reached
Update: Hit safe SL below 1450, next long time opportunity at 1350 range
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