Our other Long buy is in Palladium XAD USD
Updated
https://www.tradingview.com/x/QHA3o6fc/
At the Asian Monday opening today Palladium XADUSD rallied strongly but then pulled back under the neckline of the H&S's patterns on the mid-timeframes.
See on the chart here where the RSI went into the overbought condition over 70 and it's RSI then pulled back to the 50 but in the last little while the RSI has broken out again.
It has a lot of hightime-frame Stochastic strength and looks to be making a big move today with these bullish H & S patterns.
At the Asian Monday opening today Palladium XADUSD rallied strongly but then pulled back under the neckline of the H&S's patterns on the mid-timeframes.
See on the chart here where the RSI went into the overbought condition over 70 and it's RSI then pulled back to the 50 but in the last little while the RSI has broken out again.
It has a lot of hightime-frame Stochastic strength and looks to be making a big move today with these bullish H & S patterns.
Trade active
My guess is that Palladium will mount a breakout at the start of today's London session when the Volume starts to really bill.
Watch this space.
easy_explosive_tader
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This might pop soon on the London open.
Comment
5m Chart: Bullish Cup n Handle.
Comment
On this 1HR chart for Palladium over the past week, see how the RSI has made a new high over the course of the week. But very recently the RSI dipped but price remained elevated. This divergence tells me that the Head n Shoulders system will drag price up soon as the RSI spikes up again.
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LONG XPD USD
This is starting to breakout now.
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LONG XPD USD
Really breaking out now.
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