XPDUSD Short Trade Setup

28 Şub 2018

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.

1 Mar 2018

İşlem aktif

5 Mar 2018

Not

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.

7 Mar 2018

İşlem aktif

My second trade is active now and stoploesses of both trades are 1003.

8 Mar 2018

Not

Second trade stopped out at breakeven. First trade's stoploss is still at 1003.

9 Mar 2018

Not

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.

14 Mar 2018

Not

Stopped out with profit.