PALLADIUM trade ideas
XPDUSD /PALLADIUM OUTLOOK. LONG AND SHORTNO DOUBT PALLADIUM HAD A GOOD YEAR IN 2020 COMPARED TO ITS COUSIN (PLATINUM)
EVIDENTLY REFER TO SILVER CHARTS FOR THIS PALLADIUM FORMATION AS IT UNFOLD.
Palladium Undervalued To Gold & Volaility ExtremePalladium on the weekly is undervalued compared to gold. Volatility is also at extreme point & declining. Expecting a move to upside.
Break Triangle on palladium.Palladium break triangle. Next stop about 1500-1600 USD, in high level support?
Palladium Long IdeaWe should expect the price to break out from resistance to make a strong move upwards. I have based this outcome on the continuation pattern (the falling wedge) that I have marked out.
This is not trading advise. This is for educational purposes only.
If you do decide to trade please risk wisely
Palladium: SellSticll stuck at the same palce buy we should expect a sharp move that continues to the downside. Also note that the fractals(market structure repetitions) highligted in the orange circles.
Palladium: SellPalladium is struggling to break out of the minor trendline and should it fail to break, look to add to the sell position.
Note the fractals in yellow circles.
XPDUSD Preparing to go Back to 2800?!Fundamentals point toward new all time highs this year despite the pandemic, Lets see how the technicals respond.
Possible Long (Inverse SHS; Divergence 4H)We have a potential Inverse SHS pattern, which is not completed yet (wait for completion). The head is support by an double bottom.
If we move above the neckline, we can open the trade, which would be around 2,065. Potential target is 2.370.
We should not move below the low of the right shoulder once completed.
Good luck.
Level 2 RisePeak formation W has presented as per my previous chart, Level 1 in new cycle has presented looking for price to move up to Level 2
Short opportunity Palladium 25 May, 2020The value of Palladium has been declining for several months and I see now another good opportunity to short as price seems on the verge of breaking through the support at 1947 area. I am interested in taking a short, with stop above 1983 to target just above 1780. The R/R justifies this "with trend" trade.
The memorial day holiday in the US will mean rather thin markets on 25/05, so please be watchful.
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As always, please use sound money and risk management in all your trades.
Now I am bearish in palladiumWhile the price is below 2115. The momentum is strong enough to suggest that the downward pressure will continue.
Happy days ahead with PalladiumA great buying opportunity! From 2800 , it has fallen to 1800 before moving to current price of 1914.
expecting a bump back to 2600 before the bubble deflatesThe pattern continues, just like the top of every other bubble the rebound shows the return to normal reaching what could be misconstrued as a higher high but in fact, shows the top is most likely reached for the next couple of years.
short term long into longer term short
PALLADIUM: NEUTRALMy bias is to the downside based on a number of considerations. What do you guys think?
Palladium LongWir haben eine sehr starke Unterstützungslinie seit 2018, ausserdem ein großes Dreieck im Tageschart.
Edelmetalle sind in der Corona Krise gefallen, nun hat sich ein Ausbrechen nach oben auch in anderen Edelmetallen (wie zum Beispiel Silber diese Woche) bestätigt.
Der Commitment of Traders Report von gestern sagt aus, dass die großen Firmen, die mit dem Edelmetall arbeiten, alle groß investiert sind. Das ist geschenktes Insiderwissen - bestätigt auch das Ausbrechen nach unten. Bei Edelmetallen kann uns auch nicht die FED oder EZB einen Strich durch die Rechnung machen. Ich sehe hier alles bullish.
Ich setze den Stop Loss bei knapp unter allen Unterstützungen bei 1760 - Happy Trading!
PALLADIUM Falling Wedge IdeaPossible falling wedge on XPDUSD
Included a critical point which is adjacent to Fibonacci spiral
Buy on breakout of wedge at critical point or earlier.
