XCU/USD - Copper - Looking good for a push higher up
XCU/USD is looking good for a push higher up.
It has broken the 50 and 200 EMA on the 8H chart and is looking strong. Put your SL under the 50 EMA.
As long as the 50 EMA on the 8H chart acts strong as support, the long move is active.
We can expect Copper to continue its bullish trend higher up.
Trade safe.
It has broken the 50 and 200 EMA on the 8H chart and is looking strong. Put your SL under the 50 EMA.
As long as the 50 EMA on the 8H chart acts strong as support, the long move is active.
We can expect Copper to continue its bullish trend higher up.
Trade safe.
Comment:
The drop is an opportunity to get in at a lower price.
As long as the 50 EMA on the 8H chart is unbroken and stays strong, the move is valid.
It will stabilize itself and continue its way back up.
Nonetheless, we're following our rules and whether the trade makes it or not doesn't impact anything overall. I will keep this signal updated if my position changes on this pair.
As long as the 50 EMA on the 8H chart is unbroken and stays strong, the move is valid.
It will stabilize itself and continue its way back up.
Nonetheless, we're following our rules and whether the trade makes it or not doesn't impact anything overall. I will keep this signal updated if my position changes on this pair.
Trade closed: stop reached:
Temporarily close the position for the time being until the pair finds back support and re-stabilize itself.
Trade active:
Trade is active. Found support on top of 50 EMA and is in consolidation between the 200 and 50 EMA, meaning a break up is soon going to happen. Of course, if the 50 EMA holds as support.
Comment:
Position closed prematurely as it isn't looking good rn. 2% loss taken.
We'll see next week how it goes.
We'll see next week how it goes.
It is crucial to remember that you must always follow your trading rules.
Any profesionnal and successful trader will remind you that following your rules is what's going to guarantee your success ;)