Copper-Weakest metal-
Updated
Good Morning traders!
Here we can see as copper corrected last move to the downside exactly at the Golden Zone+ POC confluence level. During the corrective move, price created a bearish wolfe wave so we believe that it it is ready for continuation to downside.
Head and Shoulder on lower time frames!
Short from @411.5 stop loss @422.7 risk 1% of equity.
Will update below.
Here we can see as copper corrected last move to the downside exactly at the Golden Zone+ POC confluence level. During the corrective move, price created a bearish wolfe wave so we believe that it it is ready for continuation to downside.
Head and Shoulder on lower time frames!
Short from @411.5 stop loss @422.7 risk 1% of equity.
Will update below.
Trade active
stop loss on entry
Trade active
added short at retest.
stop loss 414 risk 0.5%
avg entry @411.2
target 1 370
Trade active
Trade closed: stop reached
stop reached loss 0.5%Trade active
H&S after retracement to 0.54. Short from @413.7
Trade active
stop loss on entry
Trade active
EW count on chart, targeting WW at 360
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.