Palladium BullflagPalladium has formed a bullflag on the 4H chart, this is looking to extend the current bull run that has produced large returns.
PALLADIUM trade ideas
Palladium. What's happening?Recently Palladium has been going through a region of potential conflict.
The yellow channel lines represent the region that Palladium was trending between during the 2016 and 2017 period.
The green channel represents the region that Palladium has trending between since August 2018.
The important 1.618 Fibonacci line generated from the peak on 18th Jan 2018 and Low on 22 Jan 2018 has also been added.
The rising green channel form August 2018, generated as a result of the undersuplied demand for Palladium, met its first hurdle at the start of January, the 1.618 fibonacci. Added to this, the price of Palladium reached this location at the same time that the lower of the yellow channel crossed the Fibonacci line. This was an important barrier to break and could have been the region that Palladium could have reversed. But the fundamentals were too strong. After a short periof of riding the dual lines Palladium finally broke through and shot up to the upper of the green channel where it settled back to the now support lines.
At this point Palladium was either going to continue following the green channel or revert to the slower rising yellow channel. Initially Palladium bounced slightly off the upper yellow/green channel combination before breaking through on the second attempt.
Having broken through this line, Palladium is now likely to use the upper yellow channel (not breaking below 1500) as a support line and then continue along the green channel.
Calling Tops In a Bullish MarketAs a rule of thumb you shouldn't call tops or bottoms, react to change. However ima give it my best shot for fun. A bullish divergence can be seen for Palladium on the RSI, which has lead to a large bull run comparable to the initial bull run seen, will this come crashing down like the fractal predicts? I'm no Nostradamus but it would make a hell of a trendline. Return to the mean channel is likely, eventually.
XPDUSDbeen watching this for some time now i will expect another big rise soon once we have corrected pushing price out of that zone that is marked
you can buy in this zone but expect some pull backs within it!!
risk correctly
Palladium : Remember, You only have One Bullet...Hello !
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This is a one-try trade only.
XPDUSD 1W Chart :
Momentum seems to be slightly weakened, but the trend can be incredibly strong, misleading.
Our Risk / Reward ratio is 1/3
COT Position Status :
There are big reductions in positions here, but my opinion :
Short should only be considered for a permanence below Fibonacci 0.618.
And there is an incredibly forceful trend based on supply - demand.
This will continue violently in all directions for a while.
Parameters on Chart Presentation.
NOTE :
We definitely stop trading at these levels, including 2294 stop-loss.
For those who are at the computer: There may be under 2294 closings.
We definitely don't get stubborn under these places.
Best regards.
Symmetrical Triangle on Palladium @ D1The symmetrical triangle on this daily chart of Palladium CFD offers an upside breakout trading opportunity. The triangle's borders are drawn using the yellow lines. My potential entry level will be at the cyan line. My potential take-profit level will be at the green line. I will use the low of the triangle's base as my stop-loss level (2249.0).
PALLADIUM Symmetrical TriangleLooking for further upsides once symmetrical triangle completes final downward wave, breakdown of triangle leaves us with a target at the grey EMA level, which is still very bullish above the parallel channel.
PD Still levoitating.I don't know who owns PD.
the is slightly more volume. that spike is a signal.
the Mid term trend is a toss up between Dashed Black and Dashed Blue. Maybe sown to a solid Orange. The two thin blue curves have been modified and the current thin white parabolas, are not extended because the y seem to happy.
A Market maker levitated the jag above the looming orange box. OK then what? why sort? 'cause it needs a Sale
Palladium going down?Since palladium made a new lower high on the daily and hereby failed to create a new high. I think there is a great chance of palladium to break the bottom and form a new low. If it fails to break the bottom it wel go back to the top range.
Palladium Struggling To Pass $2.500$2,500 proved to be a big hurdle for price towards the end of January 2020. Price soon started to see
weakness and the selling began but was caught by the 20sma support level.
From the start of February 2020, there has been increased momentum in price. The force of the
recent move appeared as though it was going to be enough to break through the resistance at the round number
but it appears to be holding price back yet again.
Right now the 20sma and the $2,500 round number are forcing price into a squeeze and we should eventually
see a breakout to the upside or the downside in the near future. As the trend is bullish, the bias is for
a breakout to the upside.
Should price eventually break out through resistance, then we should be seeing new historical highs created,
which a year ago would have been viewed as very unlikely to happen. This is the reason why thinking has no
place in trading. We can not think what will happen next, but we must act upon price movement as it happens
using a solid trading strategy.
The trends in the past have ranged from moves between 18% and 38%. The move so far has only risen 11%
and if the trend continues then we are not even in the 18% range yet so there may be more profits to come.
We will be looking to add further compounds once a breakout occurs.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
Palladium: buying at consolidation target level.The price goes down after breaking through the consolidation. You might consider buying at the consolidation target level of 2180.
To save money on swaps, it makes sense to consider buying an ETF PALL instead of trading spot or CFD.
XPDUSD - Continuing up or falling back further down?Since the rally to 2525 price started to cooldown a bit. Price formed a range now around (2333-2256 region) the 38.2% fib level. If prices whishes to continue upwards then it must hold the bottom of the range. safest execution would be to enter on a break&retest of the range. This ofcourse applies for both ways. Palladium refused to fall down even with the pressure from the 'coronavirus' while equivalent commodities took hard hits, this is why i think there is possible more room for palladium to go up.
-We must monitor price carefully and execute on what we see, not what we think.
~Gratz TopTok.
Palladium Halts After Previous Big MoveThere is no surprise that Palladium has currently found weakness after hitting a round number following
a strong surge in price. With every big move, we can expect to see exhaustion in the market before
a continuation in the trend.
Price first made contact with the $2,500 round number on January 17th and has since pulled back.
The recent pattern of breakouts and trends may be over if price declines further but for now the uptrend
is still intact.
When price pulls back, we always want to look for areas of support/resistance that price may move towards.
In this case, the next obvious area of support below price is the 20sma. It was last used as support back
in December 2019 and may do the same again.
After this level, the next area of support is the previous resistance turned support which is right at the
$2,000 psychological round number but this is some distance away from where price is now.
Palladium is still priced higher than Gold and currently holding the title for the priciest precious metal
for the time being. If we do see a break and close above the current all-time high at $2,543 then we
should see further bullish moves in Palladium.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
XPDUSD Sell SignalPattern: Channel Up on log 1M.
Signal: Bearish as tha parabolic rise within the Channel Up broke.
Target: $2000 (Higher Low of the Channel).
