COPPER Bottomed Out: Long Opportunity!
Updated
Going Long on Copper:
I’m taking a long position in
COPPER at this level. If it retraces, I plan to add to my position down to around 4.15.
The weekly downtrend has ended, and this week’s price action has erased the previous bearish expansion bar. There are signs of bullishness on smaller timeframes, and the daily chart shows an active uptrend for the coming week.
It looks like the low may be in on this one.HG1!
I’m taking a long position in
COPPER at this level. If it retraces, I plan to add to my position down to around 4.15.The weekly downtrend has ended, and this week’s price action has erased the previous bearish expansion bar. There are signs of bullishness on smaller timeframes, and the daily chart shows an active uptrend for the coming week.
It looks like the low may be in on this one.
HG1!Trade active
Breaking out after some time. There's no need to add more or micromanage; just let it run its course.
Trade active
As long as the price remains above the current blue trend line, I see no reason to exit. If it drops below that level, I will consider it a failed breakout and will cut my position.
Trade active
Just one more push, and it could reach the first target.
A nice daily candle is forming, suggesting that a new range might be developing between 4.35 and 4.69. It will be interesting to observe price behavior in those two zones.
Trade active
Up it goes! Hitting targets and making money. Just one more push, and we’ll have this trade wrapped up.
Trade active
Time to Readjust Views on HG1! 🔄
It looks like the weekly trend is indeed active after today’s price action. Now is the time to hold and wait until expiration or another pivotal area.
Let the rest of the position run; there’s no need to overmanage it now that the weekly trends are pointing in our favor! 📈
Note
Comfortable holding.
Even if it goes towards $4.50 still valid.
Trade active
Strong Monthly Candle: Gearing Up for a Multi-Month Run in Copper Futures!
The recent strong monthly candle suggests that copper futures are poised for a sustained upward trend. Be prepared to hold for longer than the expected targets, as this could signal the start of a significant rally.
Stay tuned for more updates!
Trade active
2nd target hit.
Leaving some for the massive ride based on macro.
New posts coming up....
Trade closed: target reached
No need to hold anything now.
It seems to be rolling over.
I’ll revisit this one if it hits 4.28
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