this chart shows, how the moneyallocation rises while the fed highers yields.
The setup in RSI and the actual chartpattern has high similarities to the copper chart 2006, when Copper broke through a resistance and made exponential returns.
Now copper is again at a resistance, if it breaks through, we might see some crazy gains again.
SNIPER STRATEGY
This magical strategy works like a clock on almost any charts
Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading.
It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave.
The best timeframe for this strategy is Daily, Weekly and Monthly...
Copper HGCopper HG1! - Buy - H4 Chart
HGCopper HG1! Continues upward
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🔺 Disclaimer! The content of this...
HGCOPPER - BUY - 4H Support
Buy @ Current/Market
Stop Loss @ 3.04211
Take Profit @ 3.19432
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🔺 Disclaimer! The content of this analysis is subject to change at any time without notice.
🔺 It is provided for the sole purpose of assisting traders to make independent investment...
This thing is likely shoot good. Good breakout with gap. Bullish rejection from monthly pivot.
When price breaks away the trend line with gap it rarely makes a trendline retest.
Does this mean that oil might rise? Copper and oil have had a strong positive correlation at 0.84.
THIS IS NO FINANCIAL ADVISE.
Just my opinion on what market might currently be doing. Enter and exit at your own risk.
DISCLAIMER
Please note that this chart is an opinion based chart only. Please trade at your own risk
Copper is currently a sell but not long before buyers come back in. My labelled zones are only a rough idea of where i think the market may touch before turning around. Decide on your own Entry & Exit. If you do decide to enter a sell from this point, then i would put a SL around 10pips about zone A because market can always go back up to A again before coming...
Copper has risen to the upside in recent last year, with a strong rebound since the beginning of the trump administration, without a doubt this is a fact reflected in the prices of the red metal, with the promises of the reconstitution of America and with the galloping Chinese dragon on the other side, future prospects look bullish.
