Palladium
Palladium USD profitable Strategy (Study)I'm showing you how my very profitable Palladium USD strategy worked out very well :)
Check out how this system nailed the perfect entry for XAU USD ( Gold ). Press play to check this Ground-breaking result!
*Richimoku ( Advanced Ichimoku Kinko Hyo with 4 Clouds! )
*Kumo Waves (Indentify divergences, trends, investor sentiment.
Know First. Act Faster. A must-have for every trader!)
*As some indicators you may come across are using the repainting mode (which consists in correcting the false signal back in time).
You'll never see such thing in the Richimoku Trading System. What's on the charts is displayed in real time, no cheating...
Send me a Message and Feel Free to test the Richimoku Trading System! I'll send you an invite. Study the chart history on all timeframes. Study all details incl. divergences etc. You'll love it :)
FAQ.
How to access the Richimoku Trading System in tradingview?
To access your indicator simply click on “Indicators” at the top of your Chart, and click on “Invite-Only Scripts”. Click on the indicator to activate it. That’s it!
Will the Richimoku Indicator Trading System work for Stock and Index trading?
Sure! It works on all Forex, Stocks, Indexes, Metals and Crypto's!
Does this indicator work with a free TradingView Account?
Yes you can use the Richimoku Indicator Trading System with a free TradingView account.
Palladium - Potential for some more upside action TVC:PALLADIUM
After a massive dump, over 6% on the 11th Nov, we are seeing great support at $2300 to $2350.
Based on the MACD and the RSI indicators, we can conclude that the downside risk is lowered and the momentum is shifting back to the upside.
Great entry points for a potential breakup are between $2330 to $2350.
Break up take profits are as follows:
TP1 - $2391
TP2 - $2415
TP3 - $2490 (Back to last weeks swing highs
Stoploss - $2301 (Just below the dump)
If the DXY ( TVC:DXY ) breaks up above $23 and closes (4hr or D1) then this trade will be under pressure and should reconsider.
Platinum Palladium Ratio has Bottomed. Platinum bull market will look to begin in the next 6-8 months based on past performane when this ratio breaks higher from a bullish downward pointing wedge. Once this occurs a platinum bull market usually follows. Watch with anticipation and it would be prudent to prepare for some platinum purchases in the next few months.
Precious Metals Suffer Heavy Beating!Firstly, please support our work by clicking like button & or following! These really assist us to reach more investors & traders like you!
This if the first week in nearly two months for precious metals to close with a negatively weekly price performance.
Bearish Fundamentals
- The recovery of US Treasury Bonds yields alongside a strengthening greenback contributed to the weakening of precious metals since last week. If economic data from across the globe continues to improve in the coming weeks, then Gold & Silver are expected to remain subdued.
- Positive news about the Covid-19 Vaccine have raised the Risk Appetite of most investors who have began dumping non-yielding assets in favor of stocks and marginally improving US Treasury Bonds.
Lovely little buy, But what's next...Caught a lovely little buy today from 2163, Looking to close around that resistance line of the possible wedge. I'll then be carefully watching to see whether it breaks out or acts a resistance and pulls back to bottom support. Either way, SL past entry..Time to just not let those emotions get in the way, Hold onto some winners and go for a walk. For now B1GFUDG3 OUT!
Disclaimer: I am not advising anyone to take any trades nor am i providing market direction certainty. Please do your own analysis and use the correct risk management. PS Dont bet the house.