CFDs on Copper (US$ / lb)Updated Copper trade coming up...one or the other
Price is at the middle of both H4 Order blocks in Green and Red. Hence, I have both Long and Short trade ideas (whichever one hits my limit orders 1st).
Reason for Short trade: Fresh Support/Resistance flip (Red zone held as support twice and then broke down, so it is now likely to act as resistance)
Reason for Long trade: Green zone offered nice rounded retest of support and has held as support so far with bullish consolidation.
Entry, SL and targets are shown on the chart for both trades.
Reason for Short trade: Fresh Support/Resistance flip (Red zone held as support twice and then broke down, so it is now likely to act as resistance)
Reason for Long trade: Green zone offered nice rounded retest of support and has held as support so far with bullish consolidation.
Entry, SL and targets are shown on the chart for both trades.
Trade active
Short order filledTrade closed: stop reached
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.