Palladium short, H4
Updated
Short term trade
Potential Trade setup: Target 1 will be 990 and Target 2 will be 980 and SL will be in 1020 levels.
- Price is at daily support level
- Monthly is trending bullish with strong momentum
- Weekly & Daily are choppy/range with no clear trend
- H4 is bearish and is over-extended from Moving Averages. Looking for a retracement (Fib 61.8%) till 1000 levels for a short entry.
Potential Trade setup: Target 1 will be 990 and Target 2 will be 980 and SL will be in 1020 levels.
Note
Entry is being envisaged at 1009 levelOrder cancelled
Price pullback didn't reach the entry level. Hence, order cancelled
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