Palladium has entered a downtrend two and a half weeks ago, and the
The yellow lines indicate the descending channel. The cyan line, situated 10% the channel’s width above the channel itself, offers the level to enter long positions. The green line together with the top yellow line creates a mirror image of the original channel switched to the upside and demonstrates the proposed level to cover long positions.
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You can download the MetaTrader 4 chart template for this pattern.
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