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.
Xpd
PALLADIUM Lower Buy SignalPattern: Rectangle on 1W.
Signal: Bullish once it approaches the 1W Support Zone.
Target: 1600 (right below the 1W Resistance Zone).
Palladium SHORT... Wave analysisLots of momentum lately for palladium... time to complete the bigger structure.
I am seeing downside on palladium to complete the expanding flat formation before completing the bigger structure(1,2,3 formation) for more upside.
Let me know what you think. Every insight is appreciated ! Thank you !!!
VERY long term: Very bullish...
Palladium Ripe for A Fall..Once $1500 on the September futures breaks, I expect a quick and decisive fall to $1300. Additional things I see which makes this a high conviction trade:
1.) Seasonal pattern for XPDUSD is usually weak in mid-July until mid-August/early-September
2.) $1500 was a major breaking point in March as well. Once prices broke that level, the selling came in swiftly.
3.) The NYMEX futures CoT shows the commercials (smart money) is short around the same number of contracts just prior to the March crash as well.
4.) There was a marginal, new swing high in the futures but not in the cash market this month. Prices have since reversed back down off of the $1600 level quite rapidly. This tells me there are ready and willing commercial sellers at those higher levels thus capping prices further (for the time being).
5.) The contract margins for PA on NYMEX are over $12,000 for a 100oz. contract. This is reminiscent of Silver Futures in May 2011 just before the price peaked and promptly crashed..
There seems to be some intermediate support right around the $1300-$1275 level so I would look to cover there...
Thanks to @thunderpips for the 6H/4C chart idea..
XPD USD SELL (PALLADIUM - US DOLLAR)Hi there. Price is moving impulsively as expected. Wait for the price to complete the continuation pattern that its forming and watch strong price action for sell.
XPD USD SELL (PALLADIUM - US DOLLAR)Hi there. Price is forming a reversal pattern to change its direction. Wait for the price to test the previous high and watch strong price action for sell.
XPD USD BUY (PALLADIUM - US DOLLAR)Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
interested in buying palladium. but lets seepalladium possible bottom? it had a great run and now its correcting. maybe its found a bottom and gonna go up a bit. Who knows.
Will $XPD lose 1,500$ ? Waiting Patiently. Bears in Hibernation !
If the trendline is held we can see a bounce at 1,500
If we lose 1,500, its time to take profit on longs if anyone has and look for good short opportunity
Palladium - Short term top?Good weekend everyone, lets look at Palladium, a metal similar to platinum and very used on eletromechanics system like relays, also used on OIL industry as a catalyst.
This metal has been on a very long term rally upside that never seens to stop, but, nothing go up or down forever.
This week candle closed as a bearish pin bar and as we can see the volume is getting smaller and smaller, now, of course i'll not trade based ONLY on a simple pin bar, and since we are at ATH we dont have previous resistances to analyse =)
Daily chart is where im looking forward a short opportunity, if the price break and close below orange line i may short with good RxR targeting fico retracement zones and weekly 50ema.
The low volume on last wave say that maybe the demand is slowly decreasing, maybe its too expensive now our beloved palladium ?
And now we have a beautiful RSI BEARISH DIVERGENCE which give us confluence to try this one.
Anyway remember, trade AGAINST the main trend is always dangerous and the main trend for palladium right now is BULLISH, thats why always trade with proper money management.
This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
XPDUSD Palladium long swing trade setupXPDUSD Palladium long swing trade setup based on pullback to .618 to .786 fib zone. We may get a bounce here off S1 where price is stalling or possible move further to S2 and S3. My entry long at S1 1553.529 today with a SL at S3 1513.582 and TP at R2 1608.117. Not financial advice.
Palladium at $4,500? The opportunity you don't want to miss.It is no secret that Palladium is one of the biggest winner of the last 3 years. It's long term chart shows that there is even great upside potential. During 1996 - 2001 Palladium made a +879% rise before it consolidated for more than a decade.
Palladium investors eye a similar pattern. The strongest reason behind this is the Palladium-to-Gold ratio. In 2000/2001 this ratio peaked at 4.2. If it happens again, and there is no reason to believe it won't as the candle sequence that preceded this sharp rise is virtually identical, it will take Palladium's price just above $4,500.
Very good long term opportunity indeed for patient investors.
See our previous 1,367 target on the Palladium/ Gold comparison:
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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: Short opportunity approaching.XPDUSD is trading on a long term 1W Channel Up that has reached overbought levels (RSI = 83.871, STOCHRSI = 100.000, ADX = 94.173, Williams = -4.387). If the 1D RSI hits 79.00 - 80.00, we will go short with TP = 1,448.
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Palladium: Bullish continuation on ideal conditions.XPDUSD (Palladium) has made a new Higher Low on its long term 1W Channel Up (MACD = 89.310, Highs/Lows = 86.3564, BBP = 189.9320) and due to the overbought RSI = 77.424, it should slow down its uptrend within the next 20 sessions. This doesn't necessarily mean that it has to consolidate sideways, but as it did on the late Oct - lat Nov period, it may rise slowly on a more standard Channel Up. 1D has created the perfect conditions for this (RSP = 58.571, Highs/Lows = 0.0000). We are going long again on Palladium with TP = 1,455.
See our previous long term bullish report on Palladium (compared to Gold) and its strong long term buy bias.
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Palladium soars, another +7% still possibleJust a quick idea on physical Palladium, which just shoots through the roof, another +7% should be in.
Once at top, sell. ;-)
PALLADIUM FUTURES MARCH 2019 (PAH19) Palladium futures are moving in an ascending channel, making higher highs and higher lows. It should be safer to only place buys, as sells may be short lived. However, feel free to play the tennis game inside this channel.
This should be an easy one. Do remember that metals are quite expensive to trade so go easy on the lot size if you have a small account so that you do not get a margin call from your broker.
PALLADIUM (XPD/USD)We can expect to scearios to occur.
Scenario 1: The price can either go to the top of the uptrending big channel; and reject the resistance, bouncing back to the downside, or to breakthrough and continue with the bullish momentum.
Scenario 2: Price could either move downwards and break the resistance on the small channel, and continue going down, or reject the bottom resistance of that trendline and go up.
My bias is short as i expect the price to go up an fail to penetrate the resistance of the ascending big channel
Palladium swing highBased on fundamental analysis more than AT. We should go higher next couple months. I'll try to catch this trend
XPDUSD: 1D Channel Up. Long.As explained in a previous study, Palladium should be the winner of the next few months among top commodities. The reason that the current 1D Channel Up (RSI = 59.618, MACD = 11.640, Highs/Lows = 7.4335, B/BP = 20.3740) hasn't moved any higher is the general selling pressure on the metals sector during the last few weeks. This has the potential to cause another week of consolidation but then we expect a new Higher High at 1,180.
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!
XPD correction seems to be finishedIt's quite a nice opportunity to open a short position. OANDA:XPDUSD
