long on a carry onnot really looking to take this but will be watching to maybe enter at a slight pull back
COPPER trade ideas
Copper is approaching support, potential bouncePrice is facing bullish pressure from our first support in line with our 38.2% fibonacci retracement, 127.2% fibonacci extension and horizontal pullback support where we could see a further push up above this level. Ichimoku cloud is showing signs of bullish pressure in line with our bullish bias.
6 month old trend brokenHi All,
Was watching copper climbing, without getting involved.
Seems now the long standing ascending trendline got broken, with a failed retest.
A correction before continuing up or a sell off and will stay down?
What do you think?
Thnx
Jad.
long this time on 20 bouncelooking to take a long here, will maybe even take it after the weekend so we dont get stopped out and pay a holding fee ?
#Copper -New High #XCUUSD #Emobility First positive signal from copper.
New annual high was reached today.
Maybe primary wave 1 of cycle wave III is established.
Best regards from Hanover, Lower Saxony
Stefan Bode
#Copper - Higher High - Position yourself long term #XCUUSDToday, August 19, 2020, the 2019 April high within wave 1 of wave III was taken out of the market. Whoever wants to earn real money in the next few years, as with gold and silver stocks, can now also position himself with copper or its producers.
I introduced a few in the last YT video.
In my opinion, price setbacks should be used for strategic entry or position building.
Greetings to yesterday's participants from Hayek-Club Hannover
Stefan Bode
Copper broke out of resistance, potential for further upside Price is facing bullish pressure from our first support in line with our 23.6% fibonacci retracement, 78.6% fibonacci extension and horizontal pullback support where we could see a further push up above this level. Ichimoku cloud is showing signs of bullish pressure in line with our bullish bias.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Copper could see further downside to our first support target Price is facing bearish pressure from our first resistance, in line with our 78.6% fibonacci extension and horizontal swing high resistance, where we could see a reversal below this level, towards 1st support at 2.96299. Stochastic is approaching resistance as well.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Copper is approaching resistance, potential reversal!Price is approaching our first resistance, in line with our 61.8% fibonacci retracement and 78.6% fibonacci extension, where we could see a reversal below this level, towards 1st support at 2.85637. Stochastic is approaching resistance as well.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
short againWaiting for another retest of the down trend to confirm we are going to carry on heading down, not a lot of resistance to stop the drop !
Copper (XCUUSD) Bearish Forecast
Copper is retesting a major broken trend line.
currently, the price is trading within an important zone of confluence,
it is based on a horizontal 4h structure, major above-mentioned trend line, and fib.retracements of the last two bearish legs.
chances are high that the price will drop.
target levels:
2.85
2.79
Copper is approaching resistance, potential reversal!Price is facing bearish pressure from our first resistance, in line with our 78.6% fibonacci retracement and 127.2% fibonacci extension, where we could see a further downside from here towards 1st support at 2.92429. Stochastic is approaching resistance as well.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Copper is facing bearish pressure Price is facing bearish pressure from our first resistance, in line with our 78.6% fibonacci retracement and 127.2% fibonacci extension, where we could see a further downside from here towards 1st support at 2.8008. Ichimoku cloud is showing signs of bearish pressure as well.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
XCUUSD is facing pressure 1st resistance Price is facing bearish pressure from our first resistance, in line with our 100% fibonacci retracement and 127.2% fib retracement, where we could see further downside from here towards 1st support at 2.8008. Both 20 period EMA and Ichimoku cloud are showing signs of bearish pressure as well.
XCUUSD facing bearish pressure from 1st resistance ! Price is facing bearish pressure from our first resistance, in line with our 61.8% fibonacci retracement and 76.4% fib retracement, where we could see a reversal below this level. Take note that our 20 period EMA and Ichimoku cloud are showing signs of bullish pressure as well.
Copper - Short Idea. Bearish Flag?
Divergence on the daily chart.
Doji on 6 hour chart.
It's just so darn pretty.
I'm short.
"What is from the Earth is of the greatest worth"
-Bob Marley
XCUUSD is facing pressure from trendline and 1st resistance Price is facing bearish pressure from our first resistance, in line with our 61.8% fibonacci retracement, horizontal pullback resistance and 127.2% fibonacci extension where we could see a reversal below this level. Our 20 period EMA and Ichimoku cloud are showing signs of bearish pressure as well.
XCUUSD: Potential Bearish ContinuationLast night daily candle price action signaling a possible Bearish reversal. Am looking for a H4 Bearish close to trigger a SHORT entry for Bearish continuation
DISCLAIMER:
Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
PRICE ACTION only tell half the story. The other key half is VOLUME. For VOLUME drive price.
20.09.29 CopperHello Traders!
Please support this idea with a LIKE if you find it useful.
Copper, 2H.
- This post does not provide financial advice. It is for educational purposes only.
