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.
-----------------------------
“60 percent of the time, it works every time”
Brian Fantana
COPPER trade ideas
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.
Doctor copper Despite the bottom dropping out of the dollar in the last week or so doctor copper seems to be stuck. A close below the current level on the daily chart will likely lead to more downside. This would also be a good indication of where the rest of the market is headed.
Not trading advice. Just some more brain farts. Enjoy :)
!Copper Long Position Update from Signal Given Jul 6thAs the American dollar continues to devalue, I remain long gold , commodities , and all of the other things that should should be invested in during one of the first--and possibly worst--stagflationary economic transitions in history here in the United States.
Well done to all that took this trade with me! 💸
13:26:26 (UTC)
Fri Jul 31, 2020