XPDUSD (Palladium US Dollar)Selling based on Elliot wave theory and crossover of 100MA and 200EMA + divergence on stochastic at overbought level.
PALLADIUM trade ideas
PALLADIUM/U.S. DOLLARSimple support resistance trade gives next buy opportunity as resistance will turn to support
Palladium long...Palladium long. The exchange rate reached the bottom of the correction. This level is 900 usd. The figure shows that XPDUSD corrects in a double wave structure. Then this is followed by a steep rise. The structure of the dual waves of the last weeks is distant. Especially due to the decreasing ATR speed. Therefore, the further increase may be half as much as the more permanent rise ahead. If the place is the theory, I expect a steeper rising wave with a sloping slope. The primary target price is 1377 usd.
PALLADIUM LONGPalladium has come into a strong support level and looking to be bouncing from the support, looking for entries on lower timeframes. Target short term into resistance of 960.00 where you could look for a reversal back into the higher timeframe trend.
Long Palladium @ 928.10; TP @ 953.54, SL your choiceLong Palladium @ 928.10; TP @ 953.54, SL your choice
Palladium : neutral on current trendWe are neutral on current trend, palladium is ranging 980 100x , we could reenter on next 980 level
Bullish on PalladiumCompletion of ABCD pattern could lead to a bullish Palladium all the way to the .61 level on fib.
Wait but short at mid-termThis is my opinion. You can also check the volumes for red candles in previous weeks to see where is going.
PALLADIUM DAILY LONGBuying opportunity trend continuation + H&S pattern 100MA support above 20MA RSI oversold with bulls having control RSI bouncing from 50. Bullish on commodities especially this bullish trend if you can hop and buy the dips will be very profitable. 3 opened positions 3 targets. Good RRR on all of them. Good Luck $$$
PALLADIUM LONGPalladium, as well as the other precious metals particularly Silver and Platinum (as well as Gold) are good for a buy. The inverted H&S on the weekly for silver looks like the price will eventually settle at 20.
Nice set up to go short XPDUSD at 3 time framesXPDUSD has broken down the up trend from 2016 and formed a pennant pattern at H1, just short for short-term target at 935, stop loss at 1000
XPDUSD Short Trade SetupHello traders.
After new all time high record Palladium turn down sharply and then it makes a correction. I put an entry order below previous bottom with stoploss above last top, because we have broken trendline. When it is tagged, I will move the stoploss above the correction (for now 1050). My long term forecast: Target is huge. Even if it makes a lower degree correction 0.50 retracement is 800.
Palladium VS USD (1W) Rejection at the weekly, can the dollar catch a meaningful bid this week 20th Feb 2018 - March 2018 ?
Palladium: Approaching neckline on the H4 chartThe price currently trading on the verge of a neckline breach, already breach the descending trendline
Near-term resistance seems between 1055-1064.00$
This pattern will strengthen if the price settles above 1065.00$ target 1090.00 and 1100.00+$
50DMA seems at 1056.00
# XPDUSD Pending Sell Order#XPDUSD Pending Sell Order.
Waiting for a price action confirmation signal!
Good Luck
