Recommendations
Trade Recommendation: Palladium

The Palladium/US Dollar pair (XPD/USD) started its uptrend in August 2010 when it took out resistance of 500. The breakout was able to generate enough momentum to sustain a bull run that sent the market to as high as 911.719 in September 2014. In four years, the value of palladium rose by over 82%.
At this point, the precious metal was flashing overbought signals. Those who followed the trend took the opportunity to lock in their gains. XPD/USD dropped to 729.658 in October 2014. While bottom pickers bought the dip, the commodity could only bounce to as high as 833.266 in March 2015.
The lower high snuffed out the market’s bullish steam. It then generated consecutive lower highs and lower lows until it found the bottom at 452.557 in January 2016. The market has been rallying since. In fact, it has resumed its uptrend.
Technical analysis reveal that the Palladium/US Dollar pair has taken out resistance of 900 and triggered the large rounding bottom reversal pattern on the weekly chart. It even went as high as 1,139.450 in January 2018 before it began to correct. It recently dipped to 900 support. In addition, RSI on the weekly chart appears to have sharply risen. This is an indication that the market’s bull run is back on track.
The strategy is to buy XPD/USD as close to 900 support as possible. Bulls are likely to defend this level and use it to climb to our target of 1,300. The process may take less than six months.
Weekly Chart of XPD/USD on OANDA
As of this writing, the XPD/USD pair is trading at 989.87 on OANDA.
Summary of Strategy
Buy: As close to 900 as possible.
Target: 1300
Stop: 840
Featured image courtesy of Shutterstock
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Recommendations
Trade Recommendation: NEM

This trade recommendation is setting up quickly and requires prompt attention
The overall market has a nice uptrend and there is key support with the Daily Pivot Range for today’s session. In addition, the Daily Pivot Moving Averages are turned up in parallel.
The 3 Day and 6 Day Rolling Pivot Range as well as the Weekly Pivot Range and Monthly Pivot Range are set below the current price which is also very supportive.
The action to take is to place a buy order to enter the market long if the market trades at or above the ‘A’ up line for 15 consecutive minutes or longer. This will confirm the market wants to move higher. Use your short term or 1-5 minute charts to verify the time requirement. Place the stop loss at the Opening Range low.
This is a good risk reward ratio within a high probability setup with a lot of support.
Entry Price: 0.00004710
Stop Loss: 0.00004630
Profit Targets: First profit target 0.00004875. Second profit target 0.00004970. Once price reaches the first profit target raise the stop loss to breakeven. Then if the market follows through to higher levels manage the trade by trailing a stop loss 0.00000050 points behind until second profit target is reached or stopped out.
Disclaimer: The writer owns Litecoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.
Featured image courtesy of Shutterstock
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Recommendations
Trade Recommendation: Stellar

This trade recommendation is setting up quickly and requires prompt attention
The overall market has a nice uptrend and there is key support with the Daily Pivot Range for today’s session. In addition, the Daily Pivot Moving Averages are turned up in parallel.
The 3 Day and 6 Day Rolling Pivot Range as well as the Weekly Pivot Range and Monthly Pivot Range are set below the current price which is also very supportive.
The action to take is to place a buy order to enter the market long if the market trades at or above the ‘A’ up line for 15 consecutive minutes or longer. This will confirm the market wants to move higher. Use your short term or 1-5 minute charts to verify the time requirement. Place the stop loss at the Opening Range low.
This is a good risk reward ratio within a high probability setup with a lot of support.
Entry Price: 0.396500
Stop Loss: 0.36500
Profit Targets: First profit target 0.487500. Second profit target 0.582100. Once price reaches the first profit target raise the stop loss to breakeven. Then if the market follows through to higher levels manage the trade by trailing a stop loss 0.025000 points behind until second profit target is reached or stopped out.
Disclaimer: The writer owns Litecoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.
Featured image courtesy of Shutterstock.
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Recommendations
Trade Recommendation: EUR/ZAR

The Euro/South African Rand pair (EUR/ZAR) launched its uptrend in July 2013 when it breached resistance of 13. With a solid base between 8.70 – 13.00, the market soared to as high as 18.91174 in January 2016. In two and half years, the Euro grew by over 45% against the South African Rand. Those who bought the breakout and followed the trend started to take profits. After all, 18 was the target of the rounding bottom reversal pattern on the monthly chart that was triggered when the pair took out resistance of 13.
Faced with heavy selling pressure, EUR/ZAR fell to 13.37818 in March 2017. The higher low inspired a rally that lifted the market to 17.06768 in November 2017. Unfortunately for buyers at that level, the pair could no longer sustain its ascent. It then resumed its drop but interestingly, it appears to be carving another higher low.
Technical analysis reveal that the EUR/ZAR pair is creating a large symmetrical triangle pattern on the monthly chart. This comes after the market generated another higher low of 14.17454 in February 2018. As long as the pair respects the trendline, it has a very good chance of breaking out of the continuation pattern and mount a significant rally.
The strategy is to buy as close to 14.35 as possible. If bulls continue to move according to the trendline, the market will likely contract before exploding upward to our target of 20.00. The process may take more than a year.
Monthly Chart of EUR/ZAR on OANDA
As of this writing, the EUR/ZAR pair is trading at 14.78268 on OANDA.
Summary of Strategy
Buy: As close to 14.35 as possible.
Target: 20
Stop: 14.17454
Featured image courtesy of Shutterstock
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