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Descending Channel on Palladium @ H4

137
The descending channel pattern on H4 chart of XPD/USD provides a setup for a bullish breakout. The pattern's borders are shown with the yellow lines. The potential entry level - with the cyan line. The potential take-profit level - with the green line. Stop-loss is to be set to the low of the breakout bar (not shown on the chart).

More information, and an MT4 chart template can be found on earnforex.com/commodities/price-objective-for-bulls-in-case-palladium-rallies/
Trade chiuso: obiettivo raggiunto
I didn't trade this set-up, but it looks like it has reached the take-profit safely.

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