Get started
financialflagship

XCU/USD - Week 51 - Wait for your buy setups

Long
CFDs on Copper (US$ / lb) (OANDA:XCUUSD)  
financialflagship Updated   
OANDA:XCUUSD   CFDs on Copper (US$ / lb)
Chart Patterns Trend Analysis Wave Analysis
4
0
chartpattern trendanalysis waveanalysis
Copper set further year-to-date highs during Friday’s trading session in anticipation of an US economic stimulus package and we expect the price to continue the bullish trend after a short-term correction. We will wait for a reaction around the trendline. Don’t jump in any trade if you don’t have a clear setup.

Trade with care!
Financial Flagship

Disclaimer: The analysis provided is just informal and it should not be used as financial advice. You need a plan before you trade, but we assume this can help you have a better idea to where the market is heading next.
Trade closed manually:
The price bounced off the trendline and it can go and make a new top. We expect soon a deeper pullback to the south.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.