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Palladium is approaching around a support zone in green so we will be looking for buy setups.
on H4: Palladium formed a valid trendline in orange but it is not ready to go yet.
Before we buy, we want the buyers to prove that they are taking over again.
Trigger => Waiting for a momentum candle close above the last swing high in gray to buy.
Meanwhile, until the buy is activated, Palladium would be overall bearish can still trade lower till 2500 before going up.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Palladium is approaching around a support zone in green so we will be looking for buy setups.
on H4: Palladium formed a valid trendline in orange but it is not ready to go yet.
Before we buy, we want the buyers to prove that they are taking over again.
Trigger => Waiting for a momentum candle close above the last swing high in gray to buy.
Meanwhile, until the buy is activated, Palladium would be overall bearish can still trade lower till 2500 before going up.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal