XPDUSD trade ideas
Palladium's Recent Trend Up 26%!The current 26% trend has now matched the trend from May to July 2019 in terms of percentage rise.
It still has some way to go before it matches the 38% rise we saw from December 2019 to January 2020.
Palladium has been forming a nice strong uptrend with clean pullbacks and smooth periods of
consolidation. We are currently experiencing a pullback which could easily turn into consolidation
but nothing to be of concern just yet.
If we see a deep pullback then the next obvious level of support is the $2,500 round number
which previously acted as a resistance zone. Price may not even come this low from where
it is now and may just find support around where it lies now.
What we are looking for next is a break and close of the current all-time high at $2,842 from
19th February 2020. Even if price breaks above this high, we have the $3,000 round number
not too far above which may act as strong resistance as well.
Our compounds will take place once price travels above $3,000.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
XPDUSD (Palladium) correction begins.XPDUSD (Palladium) correction begins. If you look at the W1 timeframe, you can see that the palladium has done a very accurate 2x fractal copy for 10 years. (I am absolutely fascinated by such charts. We assume that the future is invisible, everything moves at random. There is a very regular engineering precision curve here. But let's return to the analysis. My assumption is that the exchange will continue to do 2x fractal copying. This means that the construction of a nearly 20% correction channel is now underway. The target price is 2180usd. Note Automated trading is now over 60% in stock exchange trading. As a technical engineer myself, I use analytics systems that are also used by stock market robots with artificial intelligence.
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. 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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Let's start.
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.
