Palladium SHORT Swing TradePalladium XPDUSD SHORT Trade in progress, 4 hour chart technicals.
Trailing Stop Loss is at 761.91.
Palladium
XPDUSD: Monitoring the declinePalladium has an interesting chart, and bullish potential. Right now there's an active 'Time at mode' signal which points to a 7 bar decline which is already active. The time and price target implies that we will see 600.556 hit by November 3rd or sooner. If that doesn't happen, we get a bullish signal.
There's already a bearish failure, since bears didn't manage to replicate the range of the decline that happened 3 days ago, so it's likely to see a reversal here.
Keep an eye on it. I'll update it once it's safe to go long.
Good luck,
Ivan Labrie.
Palladium portfolio reloach after or 150$ a contract return, i propose a small reenter on palladium but target now 880 ;)
XPDUSD: Palladium, long dips with stops under 691.16Palladium is offering great potential here, with odds of getting you into a long term uptrend if you go long next weeek.
Risk is a drop under 616.16, so buy dips and add on a breakout of last week's high with the same stop loss.
The long term chart shows potential for a quarterly/6-month timeframe uptrend signal, so this makes Palladium particularly interesting.
Good luck,
Ivan Labrie.
Bullish on PalladiumPalladium has broken out of a monthly downtrend and is in a strong up trend. However, this move can end anytime. Potential targets could be the 1.272 and 1.618 FE. Following a consolidation, it should give another move up.
Palladium vs GoldLong palladium. Explanations on the chart.
Another evidence for going long is in COT reports finviz.com
Pay attention to commercial hedgers and how previous top/bottoms of palladium coincide with hedgers' bottom/top respectively.
The good thing about palladium - it is not on radar.
Your suggestions would be appreciated.
Palladium looking to correct lower - Overhead resistance from the weekly DTL
- Invalidate if price broke above 650 and trade above the DTL
- Looking for an ABC wave lower and for price action to stay within this bearish down channel
- Weekly RSI is overbought - perhaps dead cat bounce is over now
- Retest of previous low is possible
- Caveat is palladium prices can be very volatile
PA1. Palladium looks like a solid Buy optionPalladium futures are in a corrective Wave C according to my Wave counter. Broke Daily 200 MA and 200 WMA and looks like now have a clear path forward. Daily RSI may be slightly overloaded so there may be a short correction after the immediate ascending but the ending target of 680 figures looks very reachable.
On fundamentals, Palladium hasn´t forwarded the Gold rally therefore has a similar or bigger room to run. Also, looks like there may be a temporal shortage of a supply for this metal: www.metal.com
Buy: at current levels
SL: 580
TP1: 620
TP2: 650
TP3: 680
It's metal timeAll precious metals started a bull market a couple of months ago and they're consolidating. The difference with palladium which makes him more interesting than the others (silver, gold and platinum) is that he's the only one that hasn't made the golden cross: 50 over 200MA. I made a rough linear approximation and this should come somewhere in the middle of may. Please observe the behavior of the other metals when this situation occurred.
The Ichimoku proved to be useful as a support level in gold on the last drop, and it is the case here too. However I believe it is climbing too fast, so there will be some correction in the short term, but staying inside the pitchfork.
Good luck with your trades, and please share your comments.
Descending Channel on Palladium @ H4The descending channel pattern on H4 chart of XPD/USD provides a setup for a bullish breakout. The pattern's borders are shown with the yellow lines. The potential entry level - with the cyan line. The potential take-profit level - with the green line. Stop-loss is to be set to the low of the breakout bar (not shown on the chart).
More information, and an MT4 chart template can be found on www.earnforex.com
Palladium - Wedge for next movementChart shows everything but I'm on the short side of this commodity. Waiting a confirmation before entering a new position. But we could see a possible consolidation between 520 - 480
Palladium: Staging a rally from oversoldPalladium has a very interesting setup, I'm looking to enter longs in this instrument very soon.
If you can't trade palladium futures, you can trade PALL, the etf. Try to keep risk at 1% per trade.
The entry would be a buy stop confirming the rally, for specifics about entry, stop and trade management contact me privately.
You can trade with your own strategy, if your analysis matches mine as well.
Good luck!
Cheers,
Ivan Labrie.
Palladium execution strategyShort palladium into the mid 200's. Buy between 240 - 250 sometime between May 2016 - October 2017. I think closer to October 2017
Palladium Target 20 WMAWe took the risk to go long as there were several key support zones but price action sliced through and broke lower. Even the 200 WMA did not act as a strong support and the flush came hard on Palladium. This has certainly damage the chart and the weekly MAs could soon roll over lower (20 WMA already crossed below 100 WMA and 50 WMA could follow suit - potentially create a death cross). In the short term, Palladium could find support at 690 levels and a corrective bounce may relieve some of the selling pressure. However, the medium term outlook is to sell into the corrective rally.
Corrective Rally
Long at 690-700
Stop 680
Target 750
Strong Palladium - Weekly Technical ViewSolid performance by Palladium as it storms ahead to take out several key levels.
We are deviating slightly here but the daily chart shows that price failed to close above the 200 DMA and this could mean that a slight pullback in next week price action to test 780 levels but we expect the run higher to continue.
Coming back to the weekly, the price action will soon reach our price target currently sets at 809. We notice that the price action could continue to range trade within the red lines. Upon closing the long positions, we could wait on the sideline to confirm our next outlook.
Perilous PalladiumPalladium remains a difficult metal to trade and given the bounce of the 50% retracement at 754, we are seeing a strong demand and potentially higher move off this price. We cannot rule out another attempt to take out 787.
1st Buy on the break of 787 with a stop at 778 (risk 10 points) target 804 (reward 17 points).
2nd Buy should price pullback between 765 - 775 level with stop at 756 target between 790 to 800 level.
Should the target profit hit, we could look to reverse the trade and short Palladium.
