- monthly broken and retested back in December 2016
- price over all is in an
- price has hit the mid range supple levels where we have seen retracements back it up to 50 %.
- currently monitoring price action against the Peru copper prices and also the dollar prices for some more moves. possibility is that we should see some further down side to 61.8% demand levels in the region of $2.46628 zones
- we will open out long term positions to all supple structures with final point of call being the 127% extensions targets with net 58% gains.
- currently eyeing the $2.46628 region for entries and possibly lower are well to dollar cost average on these entires.
-overall net exposure is to be 5% with all supply structures being breached to become demand structures where we will gradually scale out profits. excited to see how 2019 will play out !!!! :)
i however expect some consolidation in these zones due it it being a heavy order liquidity area. Risk adjusted to 3.5% for long term. currently short on EURAUD as a hedge to also cover the swaps for copper which are both credit and debit so. lets go :)