Palladium Targeting a short.Shorting based on fundamentals.
Thanks for viewing ! This is not financial advice , please consider your own Due Diligence and Risk Management.
XPDUSD trade ideas
PALLADIUM wait for right priceHi traders
on this pair I will be looking at two things.
Firstly because I am waiting to take buy setups, I will wait for aggressive break up then correction to buy. I won't take risk on buying the breakout
Secondly one more short sell might test the floor before getting upside trade,so I will ignore sell on this case
As I see now running flag might be there but that will be confirmed by that aggressive move up and the correction to move up. BUY SETUPS ONLY I WILL BE WAITING FOR
thanks for support
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 Long set up with nice nearby invalidation to flip biasPalladium seems to have made a nice ascending channel with a few bounces from both sides of the lines. My preferred set up is that support holds (as expected) and makes a move to the upside, with a little bit of choppiness in the mid point which would probably act as a TP signal if it gets too rough. That set up is roughly marked by the blue arrow. Invalidation is a break of the lower trendline which sets us up with a pretty nice risk to reward ratio.
I think an alternative scenario could manifest itself which is a breakdown of the lower trendline. In that circumstance the long would be invalidated and I think there is an entry signal to go short if there is a failed retest from the underside of the lower trendline. Showcased terribly by my drawing skills in orange.
Horizontal Support/Resistances marked by Green/Orange dashed lines respectively. Interested to hear anyone elses thoughts!
XPD gained +5.88% relative to the USD last weekCurrent price 2329.50 is above 2287.99 the highest resistance line found by Tickeron A.I. Throughout the month of 08/17/20 - 09/16/20, the price experienced a +10% Uptrend. During the week of 09/09/20 - 09/16/20, the FOREX enjoyed a +6% Uptrend growth.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on August 31, 2020. You may want to consider a long position or call options on XPDUSD as a result. Tickeron A.I. shows that in 17 of 20 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 85%.
Following a +4.96% 3-day Advance, the price is estimated to grow further. Considering data from situations where XPDUSD advanced for three days, in 80 of 86 cases, the price rose further within the following month. The odds of a continued upward trend are 90%.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. shows that in 92 of 103 cases where XPDUSD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 89%.
Palladium : the big dream chart lol with @nmike clonePalladium : stupid chart but the big dream chart lol with @nmike clone
PALLADIUM 1D TRIANGLE ATB INDICATORADVANCED TRIANGLE BREAKOUT INDICATOR
1 Shows a green column for an upcoming long trade setup.
2 Shows a long trade entry signal.
3 Shows a stop loss signal.
4 Shows a take profit signal.
PALLADIUM is price 2357 rejected?Hi traders
couple of hours we got a rejection of price 2357 with a aggressive price down, now how I am going to react on this....I will be waiting for a pull back or correction to sell this week. I don't see buy at the moment
thanks for support
LET'S LEARN TOGETHER
Palladium is setting up for a move higherBlue moving average is the 50 day.
Palladium miners will benefit from a continued rise in palladium prices.
The best ETF for palladium is PALL, but it's not very liquid and options on it are... not an option...
The palladium futures contract is about $220k at these prices, so it's probably the most volatile futures contract you could buy because of the size (palladium is a lot more volatile than any other futures contract with that notional value that I could think of).
I'll be on the hunt for palladium miners.
Price Snaps Out of SqueezeWe looked at this market recently and the very tight squeeze price had been forming.
Price has now aggressively snapped out of this squeeze higher into the longer term resistance.
This is an interesting market and a higher risk market to trade. There are far more gaps than the major Forex pairs and moves can at times be erratic.
If price can now rotate lower back into the near term support level it could provide intraday short-term long trades.
XPDUSD setting up for a run to the upsideXPDUSD setting up for a run to the upside. Watch price action, do not overleverage
Please comment with your chart and analysis or send your questions in my DM,
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Palladium bullish scenarioAscending Triangle breakout is where I would take a long position with target of previous all time high.
NOT FINANCIAL ADVICE
