Long

XPDUSD: Channel Up not bottomed but its worth buying.

Palladium is neutral on its 1D technical outlook (RSI = 53.239, MACD = 35.410, ADX = 35.074) as the price is approaching the bottom of its Channel Up. Even though ideally we would like the 1D RSI to drop under 45.000 before a buy opportunity emerges, the price isn't only near the 4H MA200 but also just over the 0.618 Fib, which is where the previous HL was priced. The first HL on the 4H RSI will be our buy entry. We maintain a conservative short term perspective, aiming for the 0.236 Fib (TP = 1,185).

See how our prior idea has worked out:

XPDUSD: Engage above or below this Channel. Neutral within.

## If you like our free content follow our profile to get more daily ideas. ##

## Comments and likes are greatly appreciated. ##

InvestingScope

I trade Crypto, Forex, Indices & Commodities all from one account on PrimeXBT with TradingView charts

Register here👉 investingscope.s.gy/PrimeXBT

Contact me for Account Management (+15% monthly profit)
Telegram👉 t.me/investingscope

Anche su:

Declinazione di responsabilità

Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.

InvestingScope

Anche su: