XCUUSD trade ideas
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
COPPER Copper has finished the 5 IMPULSES to the upside and is now correcting towards 3.02 AS THE FINAL TARGET, But we will see price hitting 3.8 levels then a slight pullback to the upside
Copper stockpile crisisJust to add to the current global supply crisis, copper LME stockpiles have hit record low. Seeing what happens with this daily retracement.
Copper: Important point coming.
Id like to see a hold or break of the RED trendline before entering.
Levels are marked out on the daily TF. Me personally I think its going to give a nice pullback, before heading skyward to test the top of the channel and possible break out.. My bias is to the long side though confirmation at this stage is a must.
potential great move on the horizon Id say.
What do you guys see and think ?
COPPER (XCU/USD) – Week 42 – New top on the cards.In our last week’s analysis, we correctly anticipated the pair to continue the uptrend.
For next week, we foresee the pair making a small pullback towards the support and break the 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 Triggers Flag Pattern, similar looking to Oil BreakoutCopper confirmed a daily breakout of a flag pattern. Great follow through today. Next resistance comes in at previous highs of 4.80, and then likely new highs after that.
Potential retest of the trendline breakout is possible. Just normal breakout market structure. This chart interest me because it is very similar to Oil a few months back. And look what happened:
Hoping for a similar move. Inflation trade? Metals are getting a bid, and let's not forget to give some love to Dr. Copper!
XCUUSD. Long position.hi hope you are well.
according to ElliotWave, we are at the ending phase of an ABCDE correction pattern, and the probability for reaching a new high in Copper is relative high if price activate our Trigger for long position.
This can be low risk high reward situation. better have it in your watch list.
I will answer to your questions, feel free to ask.
have a good day.
COPPER (XCU/USD) – Week 41 – Will the resistance hold?In our last week’s analysis, we correctly anticipated the pair to consolidate and head towards the first resistance area.
In the coming days, we foresee the pair gaining more bullish momentum and make an attempt and break the resistance.
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 might drop below 4.00If the wedge is broken we can see retraction to 3.76 and then to 3.41 which aligns with 450 Day MA. Note CCI 20 how is about to dive down below -100.
COPPER (XCU/USD) – Week 40 – Strong bullish signs.In our last week’s analysis, we anticipated the pair to consolidate above the orange trendline and head towards the resistance area. Instead, the price corrected deeper than expected and at the end of the week it finally broke the trendline again, but this time looks like a more solid breakout.
In the coming days, we foresee the pair to consolidate around this area and head towards the first resistance area.
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 39 – Waiting for a trendline breakout.In our last week’s analysis, we anticipated the pair to finish the correction and make an attempt to break the resistance level. Instead, the price pulled back deeper than expected and reverted.
In the coming days, we foresee the pair consolidating above the orange trendline and head towards the resistance area.
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 38 – Targeting the resistance.In our last week’s analysis, we anticipated the pair to make small higher-highs and reach the resistance area. Instead, the price pulled back deeper.
In the coming days, we foresee the pair to finish this correction and make an attempt to break 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 weekly demand A clear support and resistance can be seen, price has rejected off the resistance and heading for the support. Something is very eminent at the support, the long wick. That wick took out SLs of those buying at the support and those selling when it broke the support zone. At the point where price took them out is my demand Zone and entry ,waiting for price to my entry and reverse.
COPPER (XCU/USD) – Week 37 – Uptrend to continue.Copper respected last week's report and broke the correction top.
In the coming days, we anticipate the pair to make small higher-lows and reach the resistance area.
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.
New trading Strategy upgrade - Potential buyHi 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. Good luck guys.
Copper is one the most potential opportunities to buy this week.
COPPER (XCU/USD) – Week 36 – Preparing for another bullish wave.Copper respected last week's report and made a small pullback.
In the coming days, we anticipate the pair to continue the uptrend and eventually break the 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 broadening-wedges-ascendingHello
Welcome to this analysis about COPPER, we are looking at daily timeframe perspectives. COPPER is developing here that will be a decisive factor in the upcoming times. I discovered the main formation COPPER is developing here that will be a decisive factor in the upcoming times. As when looking at my chart now we can watch there how COPPER has emerged with this key broadening-wedges-ascending formation marked in my chart with the black boundaries. COPPER is near SUPPORT region which is an important support and also psychological support-mark together with the lower
boundary of the broadening-wedges-ascending formation a pullback
In this manner, thank you for watching my update-analysis about COPPER and its major broadening-wedges-ascending-formation with the determining factors we need to consider in upcoming times, support the analysis with a like and follow or comment for more market insight!
COPPER (XCU/USD) – Week 35 – Bullish move to continue.Copper started the bullish trend that we forecasted last week and it slightly broke the trendline.
In the coming days, we anticipate the pair to make a small pullback and continue the uptrend and eventually break the 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 (XCU/USD) – Week 34 – Ready to go up.Copper made a new low inside the correction, bouncing off the support level and reversing.
In the coming days, we anticipate the pair to make a small pullback and reach the orange trendline, as the consolidation seems to be completed.
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-Expecting a irregular flat in wave X) or (b) to 4.4750Market 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
2021-08-17 Copper - shortHead and shoulders. Waiting for break of trendline - short to $3.8 USD / LB maybe $3.5
