(TF 1D): Palladium. Wait for 1650 TriggerPalladium FuturesNYMEX_DL:PA1!TotSamiyKaaIn the long-term outlook, Palladium looks long. In the medium and short term, the price has to get confirmation before trend continuation. 1. Global Trend: Bullish. Medium-term: Bearish. Short-term: Bullish. The price is trading around the Support/Resistance zone which has existed since Mar. 2019. Along the distance, this S/R zone played out as an important targeting point for price movements; therefore, it is assumed that the current price fluctuations around the zone are the big capital accumulating a position. 2. The exact next movement will be seen after the price either breaks and closes above 1650 or below 1480. It is possible to see a squeeze to the opposite side of the movement, so be aware of setting the stop-loss aside the stop-limit orders on a breakout—because the price can do a quick turnaround. 3. There are significant liquidity pockets which the HFT robots can set as targets, so I will set 1300 and 1150 as the targets for short and 1900, 2150, and 2350 as targets for long. 4. The price has recently corrected to a healthy 0.618 Fibonacci; therefore, I assume that the probability of long continuation might overwhelm the short continuation, but with one (1) important BUT: the price has to close 1 or 2 1D candles above 1650. Otherwise, the same scenario applies for short, but with closes below 1480. # - - - - - Long Scenario: 🟢 Entry (LONG): Trigger: 1650 🔴 Stop: 1415 🟡 Target 1: 1900 🟡 Target 2: 2150 🟡 Target 3: 2350 🔵 Risk/Reward: 1:3.13 Short Scenario: 🟢 Entry (SHORT): Trigger: 1480 🔴 Stop: 1615 🟡 Target 1: 1300 🟡 Target 2: 1150 🔵 Risk/Reward: 1:2.37 Good Luck! ☺️ # - - - - - DISCLAIMER: Not financial advice. Everyone must make trading decisions at their own risk, guided only by their own criteria and strategy for opening or not opening a trade. # - - - - - P.S. What do you think where the Palladium will go? Leave your thoughts below 👇