PALLADIUM LONG IDEA (SHORT - MID TERM)
My previous palladium long idea only hit 4th TP 1655
Idea: Long around 1300 - 1360 range (RR Ratio 5+)
Reason: Rebounded off key support 1350, 1h 2h 4h daily candle shows potential signs of retracement
Additional indicators used to support the case: Downward channel breakout potential , Awesome Oscillator in 1h 2h 4h signals an upcoming correction
TP: Based on key resistance/ support level
SL: Below next resistance/ support level 1250
Key targets (Short-mid term): 1400, 1440, 1470, 1510, 1540, 1575, 1615, 1635, 1655, 1675, 1690, 1710, 1725, 1750, 1770, 1790, 1815, 1830, 1850, 1865
Idea: Long around 1300 - 1360 range (RR Ratio 5+)
Reason: Rebounded off key support 1350, 1h 2h 4h daily candle shows potential signs of retracement
Additional indicators used to support the case: Downward channel breakout potential , Awesome Oscillator in 1h 2h 4h signals an upcoming correction
TP: Based on key resistance/ support level
SL: Below next resistance/ support level 1250
Key targets (Short-mid term): 1400, 1440, 1470, 1510, 1540, 1575, 1615, 1635, 1655, 1675, 1690, 1710, 1725, 1750, 1770, 1790, 1815, 1830, 1850, 1865
Note
Update: Hit first target 1400 earlierNote
Update: Hit 2nd target 1440 rangeNote
Update: Hit 4th target 1510 rangeNote
Update: Hit target 1635 rangeTrade closed: target reached
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.