Copper is pulling back after hitting strong resistance.
My outlook hasn’t changed — I’m expecting further downside, with targets at 4.65 and then 4.50.
As a reminder, I closed my previous short position ahead of the weekend, in line with my trading rule not to hold shorts over weekends.
At current levels, I am prepared to re-enter the position.
📝Trading Plan:
Entering a short position, placing the stop just above today’s high.
My outlook hasn’t changed — I’m expecting further downside, with targets at 4.65 and then 4.50.
As a reminder, I closed my previous short position ahead of the weekend, in line with my trading rule not to hold shorts over weekends.
At current levels, I am prepared to re-enter the position.
📝Trading Plan:
Entering a short position, placing the stop just above today’s high.
Trade active
Note
Great! A strong downward move has started. First target: 4.65 !
Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.