Palladium / Long
Today we see a first attempt to reverse the current bearish trend. We have a breakout attempt on the 2 hour frame. It is worth trying Buys, for SL we can choose a value around 900 (880 conservative)!
Note
May More Sure entering, IF the price Break 960 level with Whole Body Length only !!!Trade active
Currently there is still no confirmation of a 2 hour frame for a reversal, so to be on the Safe side, if we are already in Buys at the first good zone for TP 980, we can Close at least half of the position and for the rest carry the SL to our Entry .
Because the price can easily continue down to the Next two Support zones: 880 and 820.
Note
In This place Now 1043, It's not bad to Close 1/2 or 2/3 of our position (the profit is good over 100$ per OZ) !Order cancelled
If you are still holding a long position, I think it is better to close it. A suitable area to do this is 996-1010. From there, it is very likely that the price will reverse direction and make a new LL, below 920.
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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.