Good short or long opportunityLooking at the wicks where price has on the daily chart, it looks as if price has rejected that point and wants to go down. However, decides to go up and break resistance, you should expect some kind of impulse.
PALLADIUM trade ideas
XPDUSD big return...XPDUSD big return. The price of palladium had built a correction channel that slowed down to 840usd. This level is probable to the bottom of the decreasing correction ABC wave structure. If our theory is correct, it may be a slightly flat but very long-lasting rise. The third wave of wave structure rising from 462usd. The target price is 1405usd.
Capitulation in palladium? Massive sell day today lands palladium at a massive LVN for the larger annual trend (7 year uptrend kicked off last year). Will wait a few days for signs, but weekly downtrend could very well fail here
I expect the slide in metals to continue Palladium showing major weakness and a drop to mid 700s is becoming increasingly likely. I am short. Palladium going lower is generally a bad signal for ALL metals ( gold -0.97% and silver -1.55% ).
Palladium - $/oz 1.030 TargetPalladium is in my opinion in a broad correction wave, within which it should now come to a price increase to $ / oz 1.030. There, in the favored scenario, the wave B could end and within the framework of the wave C with new lows up to $ / oz. 870. Alternatively, a (a) (b) (c) (d) (e) formation forms before the wave C starts.
A bullish scenario will only start at $ / oz. 1,090.
Greetings from Hannover in Lower Saxony
Stefan Bode
Palladium - waiting for wave upYou can check trade full fundamental and technical analyses in YouTube
Palladium short, H4Short term trade
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.
Palladium taking the Copper’s leadPalladium breaking the symmetrical triangle and running into the neckline
Palladium has continued to rally with breaking the symmetrical triangle resistance trendline, and the forthcoming neckline widely spread between 1057$-1065$. Since the daily and weekly oscillator has picked up and bullish break through the neckline could open fire to1100$ it’s 100.0 fe, in the medium term. The supports are at 990$, 966$ and 940$.
Finally, the price has soared above 1000$ per ounce and closed above, for the first time after April 2018. Earlier in mid-May, we tweeted the bullish sign and still retain the same view.
Palladium considerations (XPDUSD)This is one to watch...longterm I am bullish, but things might get choppy.
Time to buy?Schiff fork guiding the way so far. Possible big inverse H/S. $GLD $TLT $DXY $EURUSD $USDJPY
Are we going to extract the big money from the Palladium againYou can check trade full fundamental and technical analyses in YouTube
XPDUSD Short Trade SetupHello traders.
I think down move is either a weekly correction or daily correction or impulse. In any case, there is a big potential for more downside. That's why I'm looking for short trade setups. I have an entry order because the structure looks like a correction so far. In the meantime, I'm waiting for the breakout and a correction to take a short trade. If I can take any, I will remove the entry order. Target is not clear, leave it empty.
XPDUSD Short Trade SetupHello, traders.
I think down move is either a weekly correction or daily correction or impulse. In any case, there is a big potential for more downside. That's why I'm looking for short trade setups. I have an entry order because the structure between yellow lines looks like an expanding flat. Target is not clear, leave it empty.
Poss buying opp. for Palladium.Price seems to be forming a potential ABCD pattern. Keep close eye out on this pair. Would bring sl to break even once price hits the .382 fib extension level.
