XCUUSD Potential DownsideXCUUSD has formed a head and shoulders pattern, a break below the neckline will signify more downside.
Xcuusdshort
Head and Shoulders on XCUUSDHead and shoulder on copper, wait for close. For the TP of a HS, measure the pips between the tip of the head and the left shoulder neckline!
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Bear Pennant XCUUSDWait for a close below. The first TP is at the 0.681 fib, the second TP is at the 1.
Rising Wedge Continuation Pattern on XCUUSDThe rising wedge forming on XCUUSD is to be treated as a continuation pattern. Wait for the break of the wedge with a 4hr close below.
COPPER - Bearish Crab Pattern CompletedBearish price action seen, price respecting PRZ.
RSI at overbought level, good to short anytime.
Aim for 38.2% and 61.8 fib levels.
