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Commodity Trade Idea: XPDUSD – Trade Corrective Structure | Feb 10
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Commodity Trade Idea: Palladium (XPDUSD) – Looking to Trade the Corrective Structure (4hr chart)
Price Action Context
Since peaking at 2520 and double tapping that level, the precious metal has formed a clear corrective structure between 2520 and 2260.
I’m looking to trade both sides (with a slight long bias) till the structure breaks.
ST neutral while inside the structure and MT bullish while 2260 holds on a weekly closing basis.
Key Support & Resistance Levels
R: 2520, 2700
S: 2260, 2148
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