XPDUSD sell setupHi guys, I am looking to sell this pair , waiting for confirmation first after breakout is a good idea.
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XPDUSD trade ideas
GOING TO SELLCONFLUENCES ARE 1. RISING WEDGE REVERSAL PATTERN 2. DAILY ENGULFING CANDLESTICK 3. US INDEX IS AT DAILY RESISTANCE
XPD USD SELL (PALLADIUM - US DOLLAR)Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
Divergence and positive trendShowing bullish divergence and maintaining positive trend. 1st target 1520, stop at the trendline.
Bearish Pennant on XPD/USD (Palladium) @ D1This bearish pennant formed on the XPD/USD @ D1 offers a bearish breakout opportunity. The pennant and its pole are marked with the yellow lines. My potential entry level is the cyan line. My potential take-profit level is the green line. The stop-loss level is already marked on the chart.
$BTC triangle scenario Update/ Palladium fractal comparisoni updated this alternate scenario for BTC just incase this forms in the future
attached palladium fractal which shows the same mathematical fibonnaci sequence
for this forecast
XPD USD SELL (PALLADIUM - US DOLLAR)Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
PALLADIUM Lower Buy SignalPattern: Rectangle on 1W.
Signal: Bullish once it approaches the 1W Support Zone.
Target: 1600 (right below the 1W Resistance Zone).
Palladium SHORT... Wave analysisLots of momentum lately for palladium... time to complete the bigger structure.
I am seeing downside on palladium to complete the expanding flat formation before completing the bigger structure(1,2,3 formation) for more upside.
Let me know what you think. Every insight is appreciated ! Thank you !!!
VERY long term: Very bullish...
Palladium Double top?Wait for confirmation on break of 1500 level. IMO, palladium is going to be useless. It's #1 use case is in ICE cars, and IMO, EVS will be everywhere by 2030.
Trying to find a way to capitalize on the downfall. Not really any options out there, would love some input . Thanks!
Palladium - ShortCurrently trading at twice-ish of it's production cost. Bubble began due to demand outstripping supply but is being re-propped up by short covering. We're already starting to see it peal off the reestablished highs. As further production chases the 2x premium (cost of production $720 vs $1510.5 per Troy Ounce) and auto makers look for alternatives.
Risk: A deficit still very well exists and can be exacerbated by Russia sanctions on scrap exports.
Palladiuim short - Long termAs a shift in trend can be seen, a short entry could be placed around 1516 for a ride down to test marked levels.
Big level to be tested should be around 1140, hope we'll get there as a final TP.
Palladium Double Top SHORTI believe we reached a double top in the Palladium Chart. Also the fundamentals in the car industry and economy in general are getting worse which also supports the upcoming downtrend in palladium.
Looking Forward to hear some of your comments about my idea.
Palladium Showing WeaknessLast post: June 25th 2019. See chart .
Review: Price was moving towards resistance.
Update: Price has now started to pull back and is approaching the support level.
Conclusion: If price comes down to support and that level holds, then we may see another move to the upside.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
XPD USD SELL (PALLADIUM - US DOLLAR)Hi there. Price is moving impulsively as expected. Wait for the price to complete the continuation pattern that its forming and watch strong price action for sell.
Palladium sell signalsPalladium (PA), Weekly chart: Resistance zone + Pin bar/Shooting Star candle pattern + Extended divergence on RSI(14) + On Daily chart: Overbought + Divergence on RSI(14)
