Copper FuturesShort
Copper: Ready for a selloff!
Update: Trade is active
Update: First Target Reached, closed half position.
Update: Second half stopped out at breakeven
Looks good for a short trade :
Thank you for reading , be one of the first members of my new trading portal, check my new website thefxchannel.com/ , vote and subscribe.
------------------------------------------------------------------------------------------------------------------------------------------------------------
Trading Criteria:
1.Trades are taken in two units
2.First unit would be closed at first target
3.Stop loss is then moved to break-even
4.Second unit would be closed at second target
Notes:
5) If 90 percent of first target is reached without triggering entry I cancel the trade
6) If 90 percent of first target is reached I move stop loss to breakeven.
7) Remember: Losing is a main part of the game
twitter.com/thefxchannel
facebook.com/thefxchannel
plus.google.com/+Thefxchannel0
My best regards
Technician
Update: First Target Reached, closed half position.
Update: Second half stopped out at breakeven
Looks good for a short trade :
- Overall long term trend is Bearish
- Major rejection and Gravestone doji at previous major low and resistance level
- 200-Days Simple average covering price
- Falling Trend Line
- Short term Bearish divergence on stochastic
Thank you for reading , be one of the first members of my new trading portal, check my new website thefxchannel.com/ , vote and subscribe.
------------------------------------------------------------------------------------------------------------------------------------------------------------
Trading Criteria:
1.Trades are taken in two units
2.First unit would be closed at first target
3.Stop loss is then moved to break-even
4.Second unit would be closed at second target
Notes:
5) If 90 percent of first target is reached without triggering entry I cancel the trade
6) If 90 percent of first target is reached I move stop loss to breakeven.
7) Remember: Losing is a main part of the game
twitter.com/thefxchannel
facebook.com/thefxchannel
plus.google.com/+Thefxchannel0
My best regards
Technician
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.