Palladium short, H4
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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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.