PALLADIUM trade ideas
placing a buy stop here guys :)xpdusd pulling up .
this is a great time to put a buy stop in place as we think it will keep going up for weeks and months to come .
we will keep eyes on it and move our TS or close the trade with a good R/R lateran.
stay tuned ! :)
Palladium: Its benefits and price forecast 15 Feb 2018Palladium is from the Platinum family of metals and has a lower melting point. It is used as a catalyst converter (Fancy for: used to make one chemical into another bu using the Palladium as a catalyst. Over half the global supply of Palladium is used for this purpose. Will we see a strengthening of emissions rules on Commodities? Probably not. Given the high utility of Palladium and its view as precious and useful by large industrial conglomerates, I see the metal leveling out at $115 as we approach end of March 2018. If we look at the strong Yen you'll see a direct correlation in the charts between the 2 prive levels (Yen) (Palladium).
Palladium could find support close to 100 d MA For the last three days Palladium sees more than 6 % correction. Will it find support at 100 d MA and RSI around 30 ?
This is not a trading recommendation, it just represents our trading opinion.
PALLADIUM BUYWe last bought this in October for 920 to say we got out too early is an understatement. Since then we have been waiting to get back in and never had the opportunity, the current pullback looks pretty good:- unfolding in 3 clear waves against a recent new high. Divergence at the blue (3) top adds to the case suggesting that the move higher had lost momentum rather than being over.
The green trend line is a little lower than I would like but was not tested on the two previous pullbacks (neither of which we traded) so it may not be this time. We still like commodities higher but do not overload Commodity risk.
Symmetrical Triangle on Palladium @ H4A symmetrical triangle has formed on the H4 chart of Palladium. It offers a bullish breakout opportunity. The triangle's borders are marked with the yellow lines. My potential entry level is marked with the cyan line. My potential take-profit level is marked with the green line. I will set my stop-loss to the low of the breakout candle (not shown on the chart).
Waiting the breakout or breakdown of the triangle...bets!Waiting the breakout or breakdown of the triangle...bets!
XPDUSD Palladium about to tag another line up ahead?Palladium is in a very strong up trend. I think it will have yet enough momentum to get to another parallel line. As if it was about to score yet another level in the strength of the trend. So I went long at 1134.868; TP: 1158.500; SL: 1111.237.
Palladium breaking outAfter a few quiet days, a possible breakout begins. Opened a position, intend to keep it for a few weeks/months, depending on the movement. Trailing SL set at 20%
PALLADIUM 1H LONGTrend continuation on PALLADIUM, very precious metal. I will hop on the trend. Good luck
Ascending triangleAscending triangle in a quite short-time perspective... Anyways, correction is coming
