Palladium has undergone a solid correction.
The bullish factors remain in place. I believe the current level is acceptable for entering a long position, with a stop at 1230.
If the stop is hit, we’ll need to reassess further long opportunities.
No shorts on metals — only longs for now! The market is in an upward trend.
The bullish factors remain in place. I believe the current level is acceptable for entering a long position, with a stop at 1230.
If the stop is hit, we’ll need to reassess further long opportunities.
No shorts on metals — only longs for now! The market is in an upward trend.
Trade active
I still like the structure of the chart — it's still an uptrend.We saw a correction that went a bit deeper than I expected.
That's why I'm long again now, with a stop at 1215.
If it doesn’t work out, I’ll exit and take a break from this asset for a couple of days.
No point in getting stuck and trying to make money specifically on palladium — I don’t need to profit from this asset, I just need to profit.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.