No stopping for CopperAfter the historic bull run across the commodity market it seems we have finally seen a long awaited pullback. My medium/ long term projection is still favouring more bullish price action although as it stands all pairs are range bound.
It seems as though Copper in particular has been scooped up by Chinese investors as well as being influenced by a boom in home builders, paving the way for more long positions. Of course the path will not be linear; I suggest buying dips for the long term and trading intraday positions (as seen above) over the short term.
CPRUSD trade ideas
Copper to climb from upside confirmation, potential bounce!Copper to climb from its upside confirmation at 3.03976 where it could potentially bounce further to 3.08186.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
!Copper (+10.35%) [Hold] for Sep 20'I'm remaining long from this signal given on the 6th of last month. Currently floating +10.35% from this position-- un-marginalized. The margin account used for this trade risked 2% for a +21.034%% current floating gain on this long. Stoploss has been and is remaining just above entry.
Copper - No trade at the momentThis commodity has been my nemesis. I desperate want to trade it, but still figuring it out.
Currently just sitting back and seeing the way price action moves on this one.
Please feel free to give me some direction on this metal.
Disclaimer: I am still new to trading and testing my strategies. Not all trades Ideas I post will result in live trades. They might be tested on demos accounts.
Please share your Ideas with me and I am always open to positive criticism.
Remember to use risk according to your appetite.
Thanks for Checking out this Idea.
Copper bounced from support, potential for a further rise Copper bounced off 2.94831 where it could potentially rise further to 2.98328. A break above our upside confirmation level would provide the bullish acceleration to our first resistance target.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
Copper to climb from upside confirmation, potential bounce!Copper to climb from its upside confirmation at 2.94902 where it could potentially bounce further to 2.98162.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Copper to climb from upside confirmation, potential bounce!Copper to climb from its upside confirmation at 2.94902 where it could potentially bounce further to 2.98162.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Copper Short TradeGood day,
This is not yet an active trade, I will post if I enter this trade.
We have a break and close below the major Supply and demand Zone.
We also have a Break and close below the Daily 8 EMA.
We are in the process of retesting the Daily 8 EMA, if the retest fails this trade will not be valid.
If we have continuation to the downside I will enter trade on the 3rd successful Hourly candle.
TP will be the next Supply and Demand zone.
SL will be just above the previous High and 50 EMA on 15 TF.
This is a very aggressive trade an you need to manage your risk accordingly.
Please share your thoughts on this trade.