Long

COPPER UP CHANEL -TARGRET 2,7 -RRR 6,5

By Smokwawelski

Updated

POSSIBLE ARISING CHANEL WITH EXTENDED TARGET ZONE 2,7
POTENTIAL RRR 6,5

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the market is dancing on the lover channel line. it's time to take longs

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OIL HAS JUST CONFIRMED THE UPWARD MOVEMENT POTTENTIAL. HOPE BOTH OF THEM GO HIGHER. SIMILAR TO NATGAS

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RUN FOREST RUN...

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it looks really god

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NOW WE ARE AT 2,6225 AND IT LOOKS TO BE GOING DOWN TOWARDS 2,56 -LOWER CHANELL BAND. MARKET NEEDS SOME RELIEF TO FIND STRENGTH TO GO UP ONCE AGAIN.

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Trade is pulling up as forseen

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WE ARE GETTING TO FIRST TARGET -UPPER LINE OF THE CHANEL. SECOND EXTENDED TARGET MAY NEED SOME DOWN MOVE BEFORE HAPPENS

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FALLING BONDS AND RISING YIELDS SUGGEST PEOPLE GET RID OF PAPER STUFF AND WANT REAL HEDGE. THE BEST WAY ARE COMMODITIES - THIS SUPPORT OUR MOVE ON DR COPPER

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WE NEED ONLY SLIGHTLY PUSH ON EURUSD IN OPENING US SESSION TO GET TO OUR EXTENDED TARGET 2,7

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I AM CLOSING AT 2,6860 .SPX 500 AND OIL ARE LOOKING QUITE WEAK.PROBABLY WE CAN GET ONE MORE PUSH BUT THE LEVELS ARE ELEVETED AND ON H4 WE ARE ALREADY ON RESISTENCE !

ITS TIME TO GO SHORT !!!

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Going short as mentioned above already pays off....

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Lets wait with cashing our short profits to lower resistence of the channel.if so you would earn on both swings on both sides long and short

Smokwawelski

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