PALLADIUM trade ideas
PALLADIUM BUYWe last bought this in October for 920 to say we got out too early is an understatement. Since then we have been waiting to get back in and never had the opportunity, the current pullback looks pretty good:- unfolding in 3 clear waves against a recent new high. Divergence at the blue (3) top adds to the case suggesting that the move higher had lost momentum rather than being over.
The green trend line is a little lower than I would like but was not tested on the two previous pullbacks (neither of which we traded) so it may not be this time. We still like commodities higher but do not overload Commodity risk.
Symmetrical Triangle on Palladium @ H4A symmetrical triangle has formed on the H4 chart of Palladium. It offers a bullish breakout opportunity. The triangle's borders are marked with the yellow lines. My potential entry level is marked with the cyan line. My potential take-profit level is marked with the green line. I will set my stop-loss to the low of the breakout candle (not shown on the chart).
Waiting the breakout or breakdown of the triangle...bets!Waiting the breakout or breakdown of the triangle...bets!
XPDUSD Palladium about to tag another line up ahead?Palladium is in a very strong up trend. I think it will have yet enough momentum to get to another parallel line. As if it was about to score yet another level in the strength of the trend. So I went long at 1134.868; TP: 1158.500; SL: 1111.237.
Palladium breaking outAfter a few quiet days, a possible breakout begins. Opened a position, intend to keep it for a few weeks/months, depending on the movement. Trailing SL set at 20%
PALLADIUM 1H LONGTrend continuation on PALLADIUM, very precious metal. I will hop on the trend. Good luck
Ascending triangleAscending triangle in a quite short-time perspective... Anyways, correction is coming
Short Palladium @ 1037.00; TP @ 995.00, SL your choiceShort Palladium @ 1037.00; TP @ 995.00, SL your choice
#Palladium spread over #Platinum will continue to increaseReuters had an article last month about palladium and platinum www.reuters.com
I think the spread will continue to increase in favor of palladium. there are fundamental reasons (higher demand for palladium, higher autocatalyst recycling) and TA shows further appreciation of palladium.
#Palladium price forecast for 2018 @ $1,200-1,300I think we are currently in 3rd macro wave, and 3rd impulsive micro wave will end around $1,200-1,300 by the end of 2018, which means there is still room for price increase by around 10%.
From a macro perspective, 2019 could be a bearish year due to the ongoing price rally. After a potential retreat, next price target could be above $2,000 but we need additional data to speculate.
For the short run, if palladium can pass over $1,100, which is a strong resistance, the price rally can gain more power for the higher levels.
XPDUSD- The Annual TradeHello Traders!
palladium (XPD) price is a " pip " away from all time High .
I am looking for a long term sell, which means that I will try to hold the trade until the end of 2018.
However, if we get to 700 I will close the trade with some mad profits.
Dollar is expected to get stronger until the end of 2018, so lets see how we do.
Wonder where is my SL?
Send me a private message and I will tell where and how I decide on my SL.
Trade with care!
2nd Short Palladium @ 1070; TP @ 1,000, SL your choice2nd Short Palladium @ 1070; TP @ 1,000, SL your choice
