Palladium short, H4

Short term trade

• Price is at daily support level
  
• Monthly is trending bullish with strong momentum
  
• Weekly & Daily are choppy/range with no clear trend
  
• H4 is bearish and is over-extended from Moving Averages. Looking for a retracement (Fib 61.8%) till 1000 levels for a short entry.
  

Potential Trade setup: Target 1 will be 990 and Target 2 will be 980 and SL will be in 1020 levels.

Kommentera:

Entry is being envisaged at 1009 level

Order avbruten:

Price pullback didn't reach the entry level. Hence, order cancelled