Copper - No trade at the momentThis commodity has been my nemesis. I desperate want to trade it, but still figuring it out.
Currently just sitting back and seeing the way price action moves on this one.
Please feel free to give me some direction on this metal.
Disclaimer: I am still new to trading and testing my strategies. Not all trades Ideas I post will result in live trades. They might be tested on demos accounts.
Please share your Ideas with me and I am always open to positive criticism.
Remember to use risk according to your appetite.
Thanks for Checking out this Idea.
CPRUSD trade ideas
Copper bounced from support, potential for a further rise Copper bounced off 2.94831 where it could potentially rise further to 2.98328. A break above our upside confirmation level would provide the bullish acceleration to our first resistance target.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
Copper to climb from upside confirmation, potential bounce!Copper to climb from its upside confirmation at 2.94902 where it could potentially bounce further to 2.98162.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Copper to climb from upside confirmation, potential bounce!Copper to climb from its upside confirmation at 2.94902 where it could potentially bounce further to 2.98162.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Copper Short TradeGood day,
This is not yet an active trade, I will post if I enter this trade.
We have a break and close below the major Supply and demand Zone.
We also have a Break and close below the Daily 8 EMA.
We are in the process of retesting the Daily 8 EMA, if the retest fails this trade will not be valid.
If we have continuation to the downside I will enter trade on the 3rd successful Hourly candle.
TP will be the next Supply and Demand zone.
SL will be just above the previous High and 50 EMA on 15 TF.
This is a very aggressive trade an you need to manage your risk accordingly.
Please share your thoughts on this trade.
XCUUSD Imminent Breakout!?Dear traders,
Copper is testing the upper resistance of a giant bullish pattern. The 100% measured move is at around 4 USD. Please see the chart.
If it successfully breaks the second resistance, a new bigger pattern will form and the target could be much higher.
Will update this trading setup if it plays out! Stay tuned!
HakoneDream
Correction in Copper Almost Over! - Elliott wave analysisHello traders!
Copper is slow and overlapping from the high so we see market in a corrective set-back. Ideally that is a wave four which may try to find support now at the rising trendline. As such, be aware of a new continuation higher, especially when/if upper line of a corrective channel support is taken out.
Trade well!
Copper is testing resistance, potential reversal Price is facing bearish pressure from our first resistance and descending trend line, where we could see a further drop below this level to our first support target, in line with our horizontal swing low support and 100% fibonacci extension. Stochastic is facing bearish pressure as well.
Copper is facing bearish pressure from our first resistance Price is facing bearish pressure from our first resistance and descending trend line, where we could see a further drop below this level. A break below our downside confirmation level at 2.82402 could provide the bearish acceleration to our first support target. RSI is facing bearish pressure as well.
Copper is facing bearish pressurePrice is facing bearish pressure from our first resistance and descending trend line, where we could see a further drop below this level. A break below our downside confirmation level at 2.77082 could provide the bearish acceleration to our first support target. RSI is facing bearish pressure as well.