XCUUSD trade ideas
Copper - Short Idea.Well would you look at that! You guys can figure out where to put your stop, this is a very clear signal:
- daily Shooting Star
- HeatMap signalling Bear
- Price at a major line in the sand $3
- Price hitting major resistance.
That's it, that's all.
What a day in the markets...for this bear, it was nice.
XCUUSD: Selling the pull backAfter 3 weeks of consolidation, price finally make a breakout to the downside with a D1 bearish candle. Notice that this candle is the strongest D1 move in the past 3 weeks. Will be looking to go SHORT on pull back.
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.
Doctor copper Despite the bottom dropping out of the dollar in the last week or so doctor copper seems to be stuck. A close below the current level on the daily chart will likely lead to more downside. This would also be a good indication of where the rest of the market is headed.
Not trading advice. Just some more brain farts. Enjoy :)
!Copper Long Position Update from Signal Given Jul 6thAs the American dollar continues to devalue, I remain long gold , commodities , and all of the other things that should should be invested in during one of the first--and possibly worst--stagflationary economic transitions in history here in the United States.
Well done to all that took this trade with me! 💸
13:26:26 (UTC)
Fri Jul 31, 2020
COPPER - I have an idea...!XCU Copper Great bullish momentum for months.
Key Question - Could we head higher or go lower?
We have a pattern with trend-lines to add confluence. Taking whichever way it breaks - Could add alerts or orders to make it easier. Don't forget to keep in mind USD. On the DXY we are a key area.
This is just trade idea, not a recommendation...