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Waiting for a short-term sell setup on Palladium.
We are bullish on Palladium however if we get a retracement this looks to be a good quick short-term sell opportunity.
Excalibur has given us a couple of long indications on this over the last 2 weeks. Lets see if it goes to its target level indicated.
Palladium is at a good price for a sell.
TP 1: 2380.00
TP 2: 2440.00
TP 3: 2500.00
STOP LOSS 2240
Palladium requires a large Stop Loss
Palladium is on an uptrend which should last until end of Feb 2021.
Buy from current level or upon retracement above 2270.
My bias is to the downside based on a number of considerations. What do you guys think?
There is a short move to the upside before continuation to the downside.