Type: Bullish RiseKey Levels:Resistance:1917.5Pivot:1744.0Support:1656.5Preferred Case:On the H4 chart, we have a bullish bias. To add confluence to this, price is above the Ichimoku cloud which indicates a bullish market. If this bullish momentum continues, expect price to possibly continue heading towards the resistance at 1917.5, where the 78.6% Fibonacci line is.Alternative Scenario:Price may possibly head back down to retest the pivot at 1744.0, where the 23.6% Fibonacci line is.Fundamentals:There are no major news.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/palladium-futures-pa1-h4-potential-for-bullish-rise28"
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