July Seasonal Long Copper HG1!: Seeking Gap & clean highs
Updated
-We retraced down to 50% of the 2024 up leg, finding support.
-We neatly found support at the Volume imbalance W and the midpoint of the Fair value gap M, circa 50% of said 2024 up leg.
-July has a strong bullish seasonal tendency.
~The plan would be to take partials (half off) in the gap (FVG- fair value gap) circa 4.75; and move stop-loss up to trailing.
~If this runs up hard & fast, ideal target would be the high time frame clean highs 5.24
~Timestop: End of July marks end of seasonal bull, so depending on the price action context, i'd be inclined to close the trade as we enter into August.
~If this proves bearish and i'm wrong, I would close the entire position if we come any lower than a mere peep below the late June low; stop-loss would be at 4.31
**B-ADJ toggled ON; SET toggled OFF.
**Just an idea for paper trading purposes, not financial advice.
-We neatly found support at the Volume imbalance W and the midpoint of the Fair value gap M, circa 50% of said 2024 up leg.
-July has a strong bullish seasonal tendency.
~The plan would be to take partials (half off) in the gap (FVG- fair value gap) circa 4.75; and move stop-loss up to trailing.
~If this runs up hard & fast, ideal target would be the high time frame clean highs 5.24
~Timestop: End of July marks end of seasonal bull, so depending on the price action context, i'd be inclined to close the trade as we enter into August.
~If this proves bearish and i'm wrong, I would close the entire position if we come any lower than a mere peep below the late June low; stop-loss would be at 4.31
**B-ADJ toggled ON; SET toggled OFF.
**Just an idea for paper trading purposes, not financial advice.
Trade closed: stop reached
stopped out as we broke down below the low.
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BTC: 3JrhUwNRnKyqhaa1n1AXKeAubNeEFoch6S
ETH erc20: 0x4b0400B1c18503529ab69611e82a934DDe4Ab038
ETH bep20: 0x1F0f03F184079bb1085F8C9dF3a8191C9f5869B3
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