Xcuusd (Copper)
Copper , In buying In Up coming trading sessions we will be looking closely for Long Opportunities in Copper .
XCUUSD: Copper Waiting for an Imperious Flare-up
Identification of trend
Marking pullbacks and consolidation zones
Identifying potential direction of the market
I believe that successful trading strategies rely heavily upon identifying consolidation zones. Consolidation zones provide us the right direction of the market. Consolidation happens when a market move sharply upside or downside. Later, a trader can use these consolidation zones to identify patterns, whether it be a continuation or reversal.
It requires attention and care. Rather than turning out to be a factory of producing signals, it is better to sit down and look for a setup. Setups are important because we are planning a trade and execute them on time. If you fail to plan a setup, then you are planning to fail.
Another advantage of trade setup is that we know where to get out and the right time to go in. Know the market. Study the price movements and make your trades.
My charts use price movements, patterns, structures and indicators such as moving averages and oscillators. Trading intelligence is combining multiple knowledge to produce a favorable trade setup and plans.
XCUUSD: Potential bearish bat patternHey traders,
On the XCUUSD we have a potential bearish bat pattern taking shape on the hourly timeframe.
$XCUUSD $HG_F following $XAUUSDCopper price/action following gold Nov-15 to Oct-16. We are now at Jun-16
Copper: Getting Ready to LongAfter the amazing bullish run late last year Copper has been consolidating. I am now getting ready for the possibility that the correction is soon to be completed and looking for long set-ups.
This wave count is by no means an expert wave count or meant to be exact but conveys my idea that there was a motive wave followed by a three wave correction (labeled (A)-(B)-(C) in the parallel channel (flag?)) that may be close to completing.
My two areas of interest are:
~2.45 -- in this area Wave (A) = Wave (C). It is also the .5 retracement of the impulsive leg in copper which started in October, and may coincide with the bottom of the channel/flag
~2.38 -- in this are Wave (C) = 1.272 * Wave (A), and is also the .618 reatracement of the impulsive leg from October as well as the .5 retracement from last year's low to this year's high. A further drop to this level may also allow RSI to drop into oversold which would be a more ideal situation.
My plan is to continue my recent strategy by trying to enter with very small risk upon a bullish candle on the small time frame once Copper reaches this zone, and move stops to breakeven after I am up a few pips (see my linked idea on the Canadian Dollar for more details about this strategy).
If you have any comments or feedback on this idea or your own view on Copper please share! Best of luck in your trades.
XCUUSD: Potential bullish bat patternHey traders,
On the 15 minute copper chart we can see that we are close to the completion of a bullish bat pattern that I would like to trade. Entry will be in the blue reversal zone bar.
Today is a banking holiday, meaning that we may not see a whole lot of movement on these charts.
Cheers!
COPPER: Buy Setup towards $2.75 On daily its forming assymetrical triangle abcde. Towards 2.75 and then I believe retrace to 2.2 for 618 fib of C impulse making primary X followed with pending y to 3.075. for completing final structure.
Trade your plans.
xcuusd long termCopper weekend revision.
Copper = inflation commodity
On log scale its out of its long term bear channel (not on normal scale).
I expect a fall to 2.45 short term as a possibility.
However long term i stil believe in the inflation trade.
But the market Always is the opposite of Obvious.
Commercial traders have recognized this and our near record short.
Indicating short term down presiure is near.
Short is a distinct possibility before we can continue the reflation trade.
Copper: Looking to Sell High and Watching for Bullish PatternsMy plan is to try and buy low and sell high, so I will be looking for a chance to short the completion of the bearish Cypher and then will begin to watch for bullish patterns on this time frame (so far butterfly, bat and cypher are all possibilities but we will see what develops).
XCUUSD: Potential bearish bat patternHi traders,
On the copper we can see a potential bearish bat pattern taking shape.
Entry: 2.74662
Stop: 2.76513
Target: 2.69911 = R:RR 2.57
Good luck!
XCUUSD: Potential AB=CD patternHi traders,
On the XCUUSD we have a potential AB=CD pattern taking shape on the 4H timeframe.
Target will be at the 50% of the A-D move.
Good luck traders!
XCUUSD: Potential bearish cypher patternHi traders,
On the XCUUSD we have a potential bearish cypher pattern taking shape.
Entry: 2.79619
Stop: 2.83339
Target: 2.72221 = R:RR 1.99
Good luck traders
Copper Potential Bat Pattern with AB=CD Confluence in CD Leg If this fails, I am still looking to take the larger purple bat.
Copper is Forming a Potential Bullish BatWill watch price closely at .786 of the larger move, and am looking to enter at the completion point (D) as long as no warning signs for the pattern present.
XCUUSD: Potential bullish bat patternHi traders,
On the copper we have a potential bullish bat pattern on the 4H timeframe. Entry and completion at point D.
Entry: 2.62001
Stop: 2.58409
Target: 2.70708 = R:RR 2.42
Good luck traders!
XCUUSD: Potential bearish bat patternHi traders,
On the copper we have a potential bearish bat pattern taking shape. This pattern will complete at point D.
Entry: 2.81352
Stop: 2.83486
Target: 2.76646 = R:RR 2.21
Good luck traders!
Copper May Form One of These Short-Term PatternsMostly everything is shown in the chart. Shorts seem risky...I'm gonna need to think about it!
Please share your thoughts and/or ideas below! Also please keep in mind I am very much a novice and these are just my own ideas :)
Copper: Choose An AB=CD PatternI am looking to enter a very small risk long based on the small (pink) AB=CD pattern shown in the chart.
If that trade fails, I will be watching the PRZ of the larger blue AB=CD pattern between 2.555 and 2.589.
Feedback and comments are always appreciated
Copper -- Short the BreakoutIt seems copper couldn't break out of the longer term sideways consolidation and has now broken the uptrend line and is forming nice bearish flags. This looks to me like it will be another good trade upon the breakout of the trendline if it also meets certain other criteria (like impulse on the lower time frames and no bullish impulses before then). If you have a different view, please share it with me!
