CFDs on PalladiumShort
Is Palladium finally running out of steam?
Updated
SHORT - XPDUSD
SL: 1811.95 (Suggested by our algorithmic system)
SL: 1832.00 (Safer option, personal suggestion)
TP: 1697.89
Reasons behind this idea:
1. Support trendline is subjectively broken.
2. MACD and Stochastic indicators have crossed down, bearish.
3. Minor RSI bearish divergence.
---------- Chart Drawings ----------
Blue Dotted Line: Broken Support Trendline (New Resistance Trendline)
Blue Solid Line: Next Supporting Trendline
Red Solid Line: Previous Resistance Trendline
Purple Line: Stoploss suggestion from our algorithmic system
Green Line: Take Profit suggestion from our algorithmic system
Red Arrow: Bearish Divergence
Screenshot of our mobile app alert: ibb.co/s6M6Cjw (Timestamps are Australian Sydney Time UTC+7)
Please trade responsibly and good luck!
SL: 1811.95 (Suggested by our algorithmic system)
SL: 1832.00 (Safer option, personal suggestion)
TP: 1697.89
Reasons behind this idea:
1. Support trendline is subjectively broken.
2. MACD and Stochastic indicators have crossed down, bearish.
3. Minor RSI bearish divergence.
---------- Chart Drawings ----------
Blue Dotted Line: Broken Support Trendline (New Resistance Trendline)
Blue Solid Line: Next Supporting Trendline
Red Solid Line: Previous Resistance Trendline
Purple Line: Stoploss suggestion from our algorithmic system
Green Line: Take Profit suggestion from our algorithmic system
Red Arrow: Bearish Divergence
Screenshot of our mobile app alert: ibb.co/s6M6Cjw (Timestamps are Australian Sydney Time UTC+7)
Please trade responsibly and good luck!
Trade closed: stop reached
Reached SL: 1811.95 (Suggested by our algorithmic system)<img src="i.ibb.co/f2J6FRF/Annotation-2019-11-08-074903.jpg" alt="Annotation-2019-11-08-074903" border="0">
Price is still below SL: 1832.00 (Safer option, personal suggestion) and its respecting the new resistance trendline (dotted blue line) thus far.
Note
[img]i.ibb.co/f2J6FRF/Annotation-2019-11-08-074903.jpg[/img]Note
Resistance line (dotted blue line) remains valid.Trade closed: target reached
Reached SL: 1832.00 (Safer option, personal suggestion)
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