XPDUSD Short Trade Setup
Actualizado
Hello traders.
After new all time high record Palladium turn down sharply and then it makes a correction. I put an entry order below previous bottom with stoploss above last top, because we have broken trendline. When it is tagged, I will move the stoploss above the correction (for now 1050). My long term forecast:
Target is huge. Even if it makes a lower degree correction 0.50 retracement is 800.
After new all time high record Palladium turn down sharply and then it makes a correction. I put an entry order below previous bottom with stoploss above last top, because we have broken trendline. When it is tagged, I will move the stoploss above the correction (for now 1050). My long term forecast:
Operación activa
Nota
Stoploss at breakeven.It looks like another correction is in the making. I put an entry order below last bottom with stoploss at above correction. When it tag my order, I will move my first trade's stoploss to same level with new trade's stoploss. If you don't have a short trade from top, this entry will be riskier for you. So, waiting for bigger correction can be better.
Operación activa
My second trade is active now and stoploesses of both trades are 1003.Nota
Second trade stopped out at breakeven. First trade's stoploss is still at 1003.Nota
The strucuture between yellow lines can be a running flat. That's why I put an entry order for more down side. First trade is still on. Nota
Stopped out with profit.
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