The long setup remains valid.
The structure on the daily, weekly, and monthly charts is clearly bullish, and I expect the uptrend to continue.
Entering from the current level is tricky, as the stop-loss would need to be placed below the local low — around the 1200 area.
A better approach would be either:
– Wait for a breakout above the local high at 1314 and go long from there, or
– Wait for a pullback at least to the 1250 level.
📝Trading Plan
I already have a position in palladium. I plan to add more at the levels mentioned above.
The structure on the daily, weekly, and monthly charts is clearly bullish, and I expect the uptrend to continue.
Entering from the current level is tricky, as the stop-loss would need to be placed below the local low — around the 1200 area.
A better approach would be either:
– Wait for a breakout above the local high at 1314 and go long from there, or
– Wait for a pullback at least to the 1250 level.
📝Trading Plan
I already have a position in palladium. I plan to add more at the levels mentioned above.
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.
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.