The aforementioned Asset Re: Copper displays a possible bearish intraday set-up. All things considered (Methodology, + Risk strategy), should this set-up become validated, this trader will revert to correlated assets i.e., XAUUSD and co-correlated assets of XAUUSD i.e., XAGUSD, AUDUSD, NZDUSD, EURUSD and GBPUSD, for similar set-ups and entries within the annotated and technical direction.
Ps: Not intended as a form of financial advice, but merely reflects the opinions of a retail speculator.
Ps: Not intended as a form of financial advice, but merely reflects the opinions of a retail speculator.
Note
Trade did not present a valid entry criteria. However, following the law of Price Disparity, the correlated basket was observed for possible same side set-up which resulted in valid entries in NZDUSD and XAUUSD. As seen below and as per previously aforementioned.
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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.