Palladium pullback trade idea

Palladium has seen a massive run-up this week already and will likely encounter some profit taking here which has already ensued from the overnight session. The pullback long trade setup on a weekly measurement looks somewhat like this. Remeber not to chase trade ideas, trade them as you would trade any other instrument with entries, stops and take profits when you have to. There is nothing that can go wrong for taking money off from a profitable trade. While letting your winners run is a good thought, never take a markets measured move for granted, especially in the current environment:

Trade idea


Supporting chart


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