XPDUSD trade ideas
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 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 $$$
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: 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