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Xcuusd (Copper)

Copper approaching resistanceIdea: Copper has seen monthly resistance and not made a new high since Febr 2017. If copper is to return to the monthly down trend, it will see strong resistance around 2.68669 and will be unable to break 2.72675. Pros: Profit to the down side and retest and extension of the lows provide great risk reward. Targets are set at 2.46629 4hr retrace 2.06214 Daily retrace 1.95256 Extension of current low, an unlikely target but interesting price action to watch. Cons: Further upside will whipsaw the trade and reveal weekly trend strength. DISCLAIMER: This is where I practice ideas and work on my trading techniques. This is not investment advice. Please note I am only providing my own trading information for insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal. Trade at your own risk.
OANDA:XCUUSDShort
by fionnablack
XCUUSD: Copper Waiting for an Imperious Flare-up Identification of trend Marking pullbacks and consolidation zones Identifying potential direction of the market I believe that successful trading strategies rely heavily upon identifying consolidation zones. Consolidation zones provide us the right direction of the market. Consolidation happens when a market move sharply upside or downside. Later, a trader can use these consolidation zones to identify patterns, whether it be a continuation or reversal. It requires attention and care. Rather than turning out to be a factory of producing signals, it is better to sit down and look for a setup. Setups are important because we are planning a trade and execute them on time. If you fail to plan a setup, then you are planning to fail. Another advantage of trade setup is that we know where to get out and the right time to go in. Know the market. Study the price movements and make your trades. My charts use price movements, patterns, structures and indicators such as moving averages and oscillators. Trading intelligence is combining multiple knowledge to produce a favorable trade setup and plans.
OANDA:XCUUSDLong
by Dinkan
Copper: Getting Ready to LongAfter the amazing bullish run late last year Copper has been consolidating. I am now getting ready for the possibility that the correction is soon to be completed and looking for long set-ups. This wave count is by no means an expert wave count or meant to be exact but conveys my idea that there was a motive wave followed by a three wave correction (labeled (A)-(B)-(C) in the parallel channel (flag?)) that may be close to completing. My two areas of interest are: ~2.45 -- in this area Wave (A) = Wave (C). It is also the .5 retracement of the impulsive leg in copper which started in October, and may coincide with the bottom of the channel/flag ~2.38 -- in this are Wave (C) = 1.272 * Wave (A), and is also the .618 reatracement of the impulsive leg from October as well as the .5 retracement from last year's low to this year's high. A further drop to this level may also allow RSI to drop into oversold which would be a more ideal situation. My plan is to continue my recent strategy by trying to enter with very small risk upon a bullish candle on the small time frame once Copper reaches this zone, and move stops to breakeven after I am up a few pips (see my linked idea on the Canadian Dollar for more details about this strategy). If you have any comments or feedback on this idea or your own view on Copper please share! Best of luck in your trades.
FX:COPPERLong
by SharkbaitAl
xcuusd long termCopper weekend revision. Copper = inflation commodity On log scale its out of its long term bear channel (not on normal scale). I expect a fall to 2.45 short term as a possibility. However long term i stil believe in the inflation trade. But the market Always is the opposite of Obvious. Commercial traders have recognized this and our near record short. Indicating short term down presiure is near. Short is a distinct possibility before we can continue the reflation trade.
OANDA:XCUUSD
by Childrenofmen