XPDUSD Look for 1500 USD Target

Hi there.

Palladium is in strong bullish trend. We are looking for the trend to continue and hit the 1500 USD. Currently Palladium is correcting on 4 hr time frame and we are looking for this correction to continue for more upside before any bigger correction or change in trend.

Lets come to the point.

How you can trade on this chart.

1. Watch for the strong breakout and look for long.

Or

2. Wait for the price to test the bottom and then look for buy there.

Currently we are expecting it to form flag before rise if we are not going to see flag and going to see another pattern then we may see entry levels at different areas.

Note: Correction can get bigger.

In case price breaks below and turn in to daily correction then we will look for change in pattern formation before we start to look for buy on Palladium.

Good Luck

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Kommentera:

Nice wave.

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