Our updated chart shows that clearly the price is in a descending channel. Our take profit levels are broken down in 4 layers. The price of Copper will be depending on mainly Asian and other indices performance, especially the more industrial ones.
Copper Long Setup Entry: $3.4989 TP & RR: $3.6094 (3.47) Stop Loss: $3.4671 REASONS FOR THE TRADE Opening a long order at a support level. As simple as that. The Stop Loss is set below the previous low and the Take Profit is at the lower trendline from the triangle that we broke down from. The market Flow indicator is printing a divergence on the 4h chart,...
I like to set at least 4 take profit levels). Trading becomes really difficult unless you can have the power of patience and the power of taking profits gradually. This way: - you don't close in profit too early (oh fuck, i mad 200$ but if i had kept i could had made 2,000$) - you do take profits along the way ensuring you make something (best trading habit) -...
Copper price continues to form bullish waves to settle above 3.6400 and confirm the preparation of recording new targets in the near term and medium term basis, expecting to crawl positively towards 3.73 followed by attempting to press on the next barrier at 3.7880 to form the next station of the bullish bias. The expected trend: Bullish
This is our small chart for Copper. As you can see from previous ideas we were able to sell it at a perfect time right on the mega-resistance . That level is a massive barrier that Copper will find great difficulty breaking. The take profits are on our previous charts
We take profit gradually, always. Find on the chart our first 3 take profit levels ps. it takes 1 take profit level for us to secure some profit and then have the stop loss at zero (entry) to secure a guaranteed profit. Try to do the same and your trading will become better. 💌
We have been waiting for this alarm notification (i guess you know that tradingview can send you alarm notifications) for over a month now. Well here we go: Time for us to sell Copper now
copper- approaching a major resistance level (the ALL TIME RESISTANCE LEVEL) We will start opening some short positions here today but carefully because it still has room to rise another 2,5% before dropping massively
Still needs to break 31 though, but has found resistance at 25.53, its 200 EMA
Copper is on a three day bullish streak since the February 3rd rebound near the 2.4800 Support. The 4H chart has already turned bullish (RSI = 54.648, ADX = 36.919, ADX = 36.919) but 1D is still bearish (RSI = 34.595, MACD = -0.070, ADX = 52.434, Highs/Lows = -0.0336) so the risk remains. That risk is concentrated on the 1D MA200. As you see the MA200 on the 1D...
If you like this idea, don't forget to hit the Like Button and to Follow Me! Exciting days for Copper. The brown metal reached the $2.8575 level. I'm confident that copper price will rise in the long run if copper demand, especially for China (largest copper consumer), will continue to record highs (527,000 tons in December 2019). However, we still live on...
Pattern: Fibonacci retracement. Signal: Bullish either now (1D support) or on the 0.382 Fibonacci. Target: 2.96000.
AUDCAD, Volume not supporting to push prices higher, this is distribution zone for selling.