21.02.25 Morning ForecastPairs on Watch -
FX:GBPUSD
FX:GBPCAD
FX:COPPER
A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy!
Copper Elliott Wave Forecast: Bullish Breakout Targeting $5+Copper’s Elliott wave price structure suggests a completed contracting symmetrical triangle (ABCDE) correction, followed by the start of a five-wave impulse. The chart shows:
Primary Degree Count: The rally from the $4.00 low (Wave E) marks the start of a five-wave impulse pattern.
Intermediate
Bearish drop off 50% Fibonacci resistance?COPPER is rising towards the resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 4.6819
Why we like it:
There is a pullback resistance level that lines up with the 50% Fibonacci retracement.
Sto
Copper is gonna to complete the 2nd leg??Hi all trading lovers and copper buyers...
Seems that after BREAKOUT from Descending Triangle and Pullback to breakout level, price is going to complete the 2nd BULLISH Leg in Weekly uptrend with a round level target (5.5555)...
(Pullback could be a bit deeper...)
PLEASE NOTE THAT IS ONLY AN AN
Copper is finding it's way to 5.5555...Hi all trading lovers and copper buyers...
Seems that copper is continuing its uptrend targeting 5.5555...
PLEASE NOTE THAT IS ONLY AN ANALYSIS...
MARKET IS BASED ON POSSIBILITIES AND UNCERTAINTIES...
#Forex #Trading #Analysis #Copper #Chart #Spike #Wedge #Uptrend
COPPER above 200DMA, The Week Ahead 24 Feb ‘25 The COPPER price action sentiment appears bullish, supported by the longer-term prevailing uptrend. The recent intraday price action appears to be a corrective pullback towards the previous consolidation price range and also the rising support trendline zone.
The key trading level is at the 9260 l
Copper - this is how my plan works. Hello traders, please feel free to share your trading ideas, and please give a Boost if you agree with my trading plan. My trading strategy is Price Action, which is the simplest strategy of trading on the price movement. A key part of my discipline is Stop Loss set when opening a trading position,
CopperXCUUSD ( Copper / U.S Dollar )
EXP FIAT as an Corrective Pattern in Short Time Frame
Completed " 12345 " Impulsive Waves
Break of Structure
Falling Wedge in Long Time Frame
Change of Characteristics
Copper Bearish Crab Pattern
In 2024, copper prices have exhibited notable fluctuations, driven by macroeconomic trends, industrial demand, and supply constraints.
Key Fibonacci retracement levels have played a crucial role in shaping market movements. With the 0% level at $3.96, the 23.6% retracement at $4.11 acted as an in
COPPER at Key Resistance: Will Sellers Push Toward 4.5230?PEPPERSTONE:COPPER has reached a significant resistance level, marked by prior price rejections and strong selling pressure. This area has historically acted as strong supply, suggesting the potential for a bearish reversal if sellers regain control.
If the price confirms a rejection within this s
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.