XPDUSD trade ideas
XPD/USD Palladium 1578.418 VS 1311.485 Trade Setups Hello Traders, XPD/USD Palladium 1578.418 VS 1311.485
Blue: Developing a Bigger Corrective / Consolidation / Continuation Pattern
for further upside movement breaking all time high's 1578.418 / 1311.485 VS 1827.393 / 1705.807.
Yellow: Looking for smaller continuation / corrective pattern for current impulse to break 1578.418.
Red: Red: Consolidation / Correction / Continuation For more downside Breaking 1311.485 VS 1174.297 / 1057.763
Palladium Soaring Higher!Last post: June 17th 2019. See chart .
Review: Price broke through the first resistance level.
Update: Price is now approaching the next resistance level.
Conclusion: If price breaks through resistance then we should see a resumption of the bull trend and plenty of trading opportunities.
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XPD/USD Possible Downtrend Continuation Palladium started its Downtrend after reaching the top of its Uptrend on June 20 @ 05:00. Now we are at our second lowest High peak of the descending channel with signs of continuous falling.
Downtrend continuation will be confirmed when price falls below 1499.712 then solidifying the move once price falls below 1495.030. Both MACD and RSI show potential upside move, therefore
having our two price levels around busy consolidation areas will give both indicators time to reset for the new move.
-LNP Investments.
Palladium Fighting ResistanceLast post: June 12th 2019. See chart .
Review: Price bounced off support and found momentum to the upside.
Update: Price is currently at resistance but struggling to get through so far.
Conclusion: If price makes it through resistance then we should see further moves to the upside.
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Palladium On The Up AgainLast post: April 30th 2019. See chart .
Review: Price was stuck in the consolidation zone.
Update: Price has found support and showing strength to the upside.
Conclusion: As price is approaching resistance we may see a breakout followed by further bullish moves.
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Palladium Still in ConsolidationLast post: April 24th 2019. See chart .
Review: Price was stuck in the consolidation zone.
Update: Price broke out of the consolidation zone but found resistance at the 50 simple moving average.
Conclusion: We need a breakout of consolidation before considering a trade in this commodity.
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Palladium Exhausted After A Huge RiseLast post: April 3rd 2019. See chart .
Review: Price was finding resistance at a former support level.
Update: Price has now gone into consolidation.
Conclusion: We need to see how long price remains in consolidation and stand aside for now. We need a breakout from consolidation before considering any trades here.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading