Palladium continues to rise after the price formed the powerful candlesticks reversal pattern Torch – which is also a Doji pattern – standing far away from the lower daily Bollinger Band. This reversal pattern formed near the support level 2451.6 (former resistance level from February). Given the daily uptrend (37% strength) further gains are likely.
Selected Alpha was made with the aim of simplifying the life of a trader by continuously scanning the markets for important support/resistance levels, candlestick patterns, indicator signals, trends, impulses, FX sentiment changes. You do not need to spend hours analysing the markets anymore – just spend minutes to select from the list of future opportunities identified by Selected Alpha.
The system helps the trader by listing all of the FUTURE trade opportunities, ranking these opportunities and showing them to a trader in advance so that he or she can prepare for these opportunities before the other traders do. You no longer need to chase the markets – you will know when prices are approaching high-probability future reversal points and you will have time to prepare. One example would be powerful support levels approached by the prices.
At any given time you will see all important future reversal points for FX, stocks, indexes, commodities – ranked by strength – before the prices approach them.
Additionally our platform perform continuous intraday FX sentiment analysis – unlike the other products from FX brokers which just count the bearish and bullish positions of their own INTERNAL retail clients – we identify strong INTERBANK institutional flows so you can align your FX trading with them.
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