XCUUSD Imminent Breakout!?Dear traders,
Copper is testing the upper resistance of a giant bullish pattern. The 100% measured move is at around 4 USD. Please see the chart.
If it successfully breaks the second resistance, a new bigger pattern will form and the target could be much higher.
Will update this trading setup if it plays out! Stay tuned!
HakoneDream
CPRUSD trade ideas
Correction in Copper Almost Over! - Elliott wave analysisHello traders!
Copper is slow and overlapping from the high so we see market in a corrective set-back. Ideally that is a wave four which may try to find support now at the rising trendline. As such, be aware of a new continuation higher, especially when/if upper line of a corrective channel support is taken out.
Trade well!
Copper is testing resistance, potential reversal Price is facing bearish pressure from our first resistance and descending trend line, where we could see a further drop below this level to our first support target, in line with our horizontal swing low support and 100% fibonacci extension. Stochastic is facing bearish pressure as well.
Copper is facing bearish pressure from our first resistance Price is facing bearish pressure from our first resistance and descending trend line, where we could see a further drop below this level. A break below our downside confirmation level at 2.82402 could provide the bearish acceleration to our first support target. RSI is facing bearish pressure as well.
Copper is facing bearish pressurePrice is facing bearish pressure from our first resistance and descending trend line, where we could see a further drop below this level. A break below our downside confirmation level at 2.77082 could provide the bearish acceleration to our first support target. RSI is facing bearish pressure as well.
The Dropoff ?Friday's second last candle is the longest 4Hr candle since March, impressive. At this rate it could just go through the diagonal trendline and down to support at 2500. That would be a 50% retracement from the March bottom, and the same length as the January move.
Will be interesting to see how it goes on Monday's Asian session especially.
Just observations.
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“60 percent of the time, it works every time”
Brian Fantana
XCUUSD to reverse from downside confirmation, potential drop!
XCUUSD to reverse from its downside confirmation at 2.82960 where it could potentially drop further to 2.70502.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Copper - Short Idea.Well would you look at that! You guys can figure out where to put your stop, this is a very clear signal:
- daily Shooting Star
- HeatMap signalling Bear
- Price at a major line in the sand $3
- Price hitting major resistance.
That's it, that's all.
What a day in the markets...for this bear, it was nice.
XCUUSD: Selling the pull backAfter 3 weeks of consolidation, price finally make a breakout to the downside with a D1 bearish candle. Notice that this candle is the strongest D1 move in the past 3 weeks. Will be looking to go SHORT on pull back.
DISCLAIMER:
Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
PRICE ACTION only tell half the story. The other key half is VOLUME. For VOLUME drive price.