Palladium - A long swing trade idea

8 thg 5, 2016

Palladium is in a sustained uptrend. By looking at weekly SSBs levels provided by Ichimoku, we can define key levels that may be used as intermediate targets. The rectangle in pink shows a set of flat levels traced by the daily SSBs, they form an area of dense resistance that the price recently tried to test and failed to break so far. But we may expect a second attempt. The price is above its daily Kijun and the Chikou is also above its prices. The idea is to wait for a break of the 622 level (agressive entry) or 627 (more conservative) with candles closing above. SL is defined by a weekly SSB level.

Read of the day: seekingalpha.com/article/3937676-palladium-falling