CPRUSD trade ideas
copper curve lineMost copper is used in electrical equipment such as wiring and motors. This is because it conducts both heat and electricity very well, and can be drawn into wires. It also has uses in construction (for example roofing and plumbing), and industrial machinery (such as heat exchangers).
Copper Hrly long | Algorithm Trades | Bifrost TradesCopper hrly long
⚠️ half risk due to lack of trend
buystop @ 4.3217
TP #1 @ 4.3585 80.65% wr
TP #2 @ 4.3976 54.84% wr
SL @ swing low 4.2900 16.13% hr
WR and HR determined from past trades.
See more trades like this on my profile or Bifrosttrades.com
COPPER LOOKS BEARISH ON INTRA-DAY - Elliott waveWe are tracking a big impulse to the downside, from the 4.58 lvl. on COPPER. Red waves 1 and 2 are completed, so current price action from 26th of January can be a big wave 3 in the making, with its five-wave substructure, and can target the Fib. ratio of 1.618, where support can be seen.
Intra-day price activity suggests a minor correction in action (iv), which can look for resistance at the fib. ratio of 0.382/0.5, from where a final leg lower for a sub-wave iii of 3 may show up.
COPPER Master analysis on Copper i see 3 S3 with Fake out confirmation
long time i didnt use high time firm but i like to get analysis in long term i thinh is simple clear.
a classical pattern in copper cfdwell as u see i used only one brush to describe my idea . i can see a support area with many lows. then market made a high that shows strength of bulls .in its last lows u can see a head and shoulders . well it might be a start for a rally. for trading i gonna wait for a correction if holds neckline it will be great.
Copper - Price Action Analysis CAPITALCOM:COPPER creates harmonic butterfly with level of 1.272 at price 4.502.
The pattern will only activate when price cross over B point which comes at the price of 4.4270 and sustains above.
TTM Squeeze : Positive
VZO : positive
Copper: lifting its head?Remains above its 200-day simple moving average.
Above 4.40 supports a bullish trend direction.
RSI leaves enough room for further upside price potential.
Would like to see the trend developing further for confirmation.
New trading Strategy upgrade - CopperVery potential to buy from H1 higher low. Copper is on a very health upward trend, let's catch it.
COPPER-1.36 ahead in bigger picture for wave (W) !Disclaimer :
LEARNING ELLIOTT WAVES IS LITTLE BIT TOUGH (FOR ME IN BEGINNING) BUT I TOOK IT AS A CHALLENGE AND THAT IS NOT IMPOSSIBLE ALSO...
First have an look for the positional trend i shared here previous....if you are a follower of me...and sometimes i will share the counter trend trade also in 15 mins and 1hr...but that is risky ones...so if the trend is bearish or bullish, if i am expecting the correction...book the profit there and wait the correction to end and again go with the trend....DONT TRADE THE COUNTER TRADE SETUP...you will took loss too...try to identify the short term pull back and the long term pull back after that took small lots in the short term PB with strict stop and go with big lots in the trend side that is long term. I WONT TOOK ALL THE TRADE PLAN SHARED HERE...
Read the market commentary inside the chart what i shared here carefully and try to learn Elliott waves...otherwise its tough to understand the market commentary and my analysis. I wont give a entry, stop loss and take profit in my chart...it is only for EDUCATIONAL PURPOSE and i am sharing how i am analysing the pair and labelling them according to the Elliott wave theory...I AM JUST SHOWING THE TREND HOW IT MAY GO AND MY VIEW(it may wrong too)..so DON'T FOLLOW BLINDLY MY CHART. Take this as a reference and if it correlate to you strategy took the trade as per your strategy...DON'T ASK ABOUT YOUR RUNNING TRADES i wont comment on them and I WONT SUGGEST TO TAKE MY TRADE SETUP.
I am a technical analyst based on trendline, channel, fib retracements, expansion, stochastic for divergence, EMA's and MA's are finding the pull backs and MAJOR IS ELLIOTT WAVES...those mentioned above are using as a TOOLS only. I am not a fundamental, sentimental trader...but only the fundamental will boost my technical analysis to reach my target or sometimes it will go against me and then i will manage the trade according to the Elliott waves alternate views...Each and every trade plan i am sharing here has a alternate view and i am sharing only the most probabilities(70-80%) here...sometimes the other (20-30%) may market do..then i will change the wave counts and labelling according to the price action.
All labelling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So dont bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
Copper: Our next up target is 4.4805The RSI is above 50.
The MACD is above its signal line and negative.
The MACD must break above its zero level to trigger further gains.
Copper (CME) (H2) is above its 20 and 50 period moving average (respectively at 4.4055 and 4.4080).
Our preference: Our next up target stands at 4.4805.
Alternative scenario: The downside breakout of 4.3815 would call for 4.3455 and 4.3235.
XCUUSD/GOLD -weekly vs US10Y
if copper/gold ratio breaks up from the current consolidation, US10Y will need to catch up by speeding the up move, which may cause an additional crunch on financial markets, squeezing all unyielding assets, unprofitable investments.
rocket to 8$ next ???On 2005-2006, copper went up 82% right after in 57 days
(topped at just above 4$).
Copper GeoTimeSeems to have variable cycles 5-10 years
But think the high is in
Looking at around -50% during a deflationary period
Chart Using Pivots And Time
NO ADVICE GIVEN
Copper Long Idea After Copper managed to rise to the 4.775 area in late october, the price has been range bound and in a slight downtrend. Price has been trading between 4.19 and 4.50 since this time, Copper is currently trading at 4.294 and appears to be moving to up to potentially retest the 4.42 area and beyond. The RSI indicators on the 4hr chart are around oversold terrorties at 37, but its the price action that has formed on the trend line that indicates to me other buyers are looking to go Long from this point. Since the 17th of Novemebr the price has been forming higher lows and respecting the upwards trend line. The stop loss area for this trade is at -2.45%, around the 4.195 area.
Copper Short SetupCOPPER Short Setup
🔵 Entry Level: $ $4.2785
🟢 Take Profit: $ $4.2085
⛔ Stop Loss: $ $4.3050
Copper inverted to dollar. Inflation to Deflation.Copper inverted to dollar. Inflation to Deflation.
Copper : CMP 4.28Copper Is completed Correction on daily time ... Due to view varient of corona virus is pressuring this commodity...Can go long with SL 4.15 for target 5.10
COPPER GEOMETRYTwo pitchforks target of 3.5
But i think it goes there pretty soon
It might consoliadate around there until the dollar pamp is over
Pretty safe short
But do your own DD
Real inflation may occur one day but it's not now lol
Copper Triangle BreakoutCopper had a triangle breakout few days ago, it is providing a long entry again as the price is currently retesting the breakout post having a minor correction. Risk reward remains highly favorable given the current setup.
