It might be worth trying a long position on palladium from the current levels.
There’s a chance that the long-awaited correction has begun, and the downward move could deepen. However, the tight stop-loss at the level 1425 on this trade is encouraging — as is the accumulated profit, which allows for such tactical entries.
A small amount of risk seems acceptable here; if anything goes wrong, the position will close at the stop.
There’s a chance that the long-awaited correction has begun, and the downward move could deepen. However, the tight stop-loss at the level 1425 on this trade is encouraging — as is the accumulated profit, which allows for such tactical entries.
A small amount of risk seems acceptable here; if anything goes wrong, the position will close at the stop.
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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.