Copper : CMP 4.28Copper Is completed Correction on daily time ... Due to view varient of corona virus is pressuring this commodity...Can go long with SL 4.15 for target 5.10
COPPER trade ideas
COPPER GEOMETRYTwo pitchforks target of 3.5
But i think it goes there pretty soon
It might consoliadate around there until the dollar pamp is over
Pretty safe short
But do your own DD
Real inflation may occur one day but it's not now lol
Copper Triangle BreakoutCopper had a triangle breakout few days ago, it is providing a long entry again as the price is currently retesting the breakout post having a minor correction. Risk reward remains highly favorable given the current setup.
Copper Long EntryCopper has Fallen in price towards a key support level as well as a trend line that has been respected multiple times. The RSI levels are also in oversold conditions at the moment, with all of these factors in play it seems likely that the price will go up from here. The targets for copper to the upside are at the recent highs of 4.4420 which is a heavy liquidity zone. The stop loss area for this trade is at a recent low of 4.052.
COPPER - Forecast (sell then buy)/*Take it at your own risk*/
Price Action: Price has been extremely bullish from the 19 March 2020 to the 10 May 2021. We can see almost a year of bullish momentum. From the 10 May 2021 price seems to be correcting and allowing sellers to sell. If we are correct with the bullish momentum then we will be looking at buying when sellers are confident in there bias. We might see it happen around that buy zone box.
Technical Analysis: Looking to complete a regular flat following that downward channel. I believe that price has been accumulating buy orders within that blue box to validate the sell.
Fundamental Analysis: Have an eye on the news or economic calendar....
Manage you risk always
Trade idea with LT
Copper chart updateAs we can see clearly the very nice megaphone and the test of the bottom again. To me looks like POC is holding and my bias is to the upside and a possible breakout.
This is my own opinion though.
Key points are highlighted to both up and down sides and clear points to watch for easier decision making.
As always good luck and patience is the best indicator in your tool bag.
I NEVER EVER HAVE FOMO as there is always a great trade to be had somewhere.
Reduce your risk by increasing your patience
COPPER (XCU/USD) – Week 46 – Heading towards the resistance.In the coming week, we anticipate the price to reach the resistance area highlighted on the chart. We expect this move to have corrective nature.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Copper re-touch fib 0.618, buyCopper 2nd touch fib 0.618 and able to hold by the structure, can long now. Aim 5.00
Buy on Copper Price Rally aggressively Towards main resistance
Price lifts from main resistance and then
hovers on cloud on a higher resistance
Lifts from higher resistance
attack cloud and test main resistance
if(above cloud){BUY}
New trading Strategy upgrade -Hi traders, this is my personal trading idea only. Please give an AGREE/ LIKE, my trading strategy is Price Auction - using Chart only, your comments are highly welcome. My chaos drawing is not to predict and guess the further, it is my plan where we are on the chart and how we shall trade on what we see. Trade well & Good luck guys.
copper longcopper up
-as shown in the chart
-as shown in the chart
-as shown in the chart
-as shown in the chart
New trading strategy upgrade - CopperHi traders, this is my personal trading idea only. Please give an AGREE/ LIKE, my trading strategy is Price Auction - using Chart only, your comments are highly welcome. My chaos drawing is not to predict and guess the further, it is my plan where we are on the chart and how we shall trade on what we see. Trade well & Good luck guys.
COPPER (XCU/USD) – Week 45 – Consolidation expected.In the coming days, we are expecting the pair to start a consolidation that has the potential to the resistance level.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Copper - LongCAPITALCOM:COPPER
Seeing a nice clean break and retest on Copper, longs for now look good to me! First target will be around the top of the trendline for me.
New trading Strategy upgrade - CopperHi traders, this is my personal trading idea only. Please give an AGREE/ LIKE, my trading strategy is Price Auction - using Chart only, your comments are highly welcome. My chaos drawing is not to predict and guess the further, it is my plan where we are on the chart and how we shall trade on what we see. Trade well & Good luck guys.
Copper to resume trend higher? resting on 50dmaNice retest of the breakout area. Consolidating and holding above the 50dma for the 3rd successive day. RSI still strong and with the 50dma > 200dma, i expect the positive trend to continue higher shortly..
Copper - Confluence level/zoneconfluence support level
Retest trend line
Retest horizontal support
Retest double bottom break out
RSI diverging 1H &4H
New trading Strategy upgrade - Copper long swing Hi traders, this is my personal trading idea only. Please give an AGREE/ LIKE, my trading strategy is Price Auction - using Chart only, your comments are highly welcome. My chaos drawing is not to predict and guess the further, it is my plan where we are on the chart and how we shall trade on what we see. Trade well & Good luck guys.
Copper GO!On the higher time frame, successfull retest of the break out of the bull-flag.
On the lower timeframe, successfull break out of the consolidation channel.
Could form another bigger bull flag instead of going for novel highs. Therefore, take some profits in these areas
GL
COPPER (XCU/USD) – Week 44 – Market bound for a pullback.In our last week’s analysis, we anticipated the pair to finish the consolidation and make a new top. Instead, the price made a deeper than expected pullback.
For next week, we could see a bullish move developing, at least for correction.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
COPPER (XCU/USD) – Week 44 – Prepare your buy setups.In our last week’s analysis, we correctly anticipated the pair to pullback.
For next week, we foresee the pair finishing the consolidation and making a new top.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
COPPER-Bigger flat in progress to reach 3.6600 in Y wave.Market Commentary:
LEARNING ELLIOTT WAVES IS LITTLE BIT TOUGH (FOR ME IN BEGINNING) BUT I TOOK IT AS A CHALLENGE AND THAT IS NOT IMPOSSIBLE ALSO...
First have an look for the positional trend i shared here previous....if you are a follower of me...and sometimes i will share the counter trend trade also in 15 mins and 1hr...but that is risky ones...so if the trend is bearish or bullish, if i am expecting the correction...book the profit there and wait the correction to end and again go with the trend....DONT TRADE THE COUNTER TRADE SETUP...you will took loss too...try to identify the short term pull back and the long term pull back after that took small lots in the short term PB with strict stop and go with big lots in the trend side that is long term. I WONT TOOK ALL THE TRADE PLAN SHARED HERE...
Read the market commentary inside the chart what i shared here carefully and try to learn Elliott waves...otherwise its tough to understand the market commentary and my analysis. I wont give a entry, stop loss and take profit in my chart...it is only for EDUCATIONAL PURPOSE and i am sharing how i am analysing the pair and labelling them according to the Elliott wave theory...I AM JUST SHOWING THE TREND HOW IT MAY GO AND MY VIEW(it may wrong too)..so DON'T FOLLOW BLINDLY MY CHART. Take this as a reference and if it correlate to you strategy took the trade as per your strategy...DON'T ASK ABOUT YOUR RUNNING TRADES i wont comment on them and I WONT SUGGEST TO TAKE MY TRADE SETUP.
I am a technical analyst based on trendline, channel, fib retracements, expansion, stochastic for divergence, EMA's and MA's are finding the pull backs and MAJOR IS ELLIOTT WAVES...those mentioned above are using as a TOOLS only. I am not a fundamental, sentimental trader...but only the fundamental will boost my technical analysis to reach my target or sometimes it will go against me and then i will manage the trade according to the Elliott waves alternate views...Each and every trade plan i am sharing here has a alternate view and i am sharing only the most probabilities(70-80%) here...sometimes the other (20-30%) may market do..then i will change the wave counts and labelling according to the price action.
All labelling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So dont bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
