Dr Copper - Which direction will copper go!?
Copper is located between EMA200 and EMA50 in the 4H timeframe and is moving in its descending channel
The basis of short-term trading can be considered as breaking or maintaining the drawn short-term upward trend line
The failure of this line and copper reaching the demand zone will provide short-term buying conditions for copper
On the other hand, the authentic failure of the downward channel and copper reaching the supply zone, which is also at the intersection with the copper monthly pivot, will provide us with the opportunity to sell it with a suitable risk reward
The basis of short-term trading can be considered as breaking or maintaining the drawn short-term upward trend line
The failure of this line and copper reaching the demand zone will provide short-term buying conditions for copper
On the other hand, the authentic failure of the downward channel and copper reaching the supply zone, which is also at the intersection with the copper monthly pivot, will provide us with the opportunity to sell it with a suitable risk reward
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.
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.