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CFDs on Copper (US$ / lb)CFDs on Copper (US$ / lb)CFDs on Copper (US$ / lb)

CFDs on Copper (US$ / lb)

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XCUUSD trade ideas

Break and Retest?We are observing what seems to be a break and retest trade in Copper (cfd). We had the 3.1000 level which acted as resistance since the end of September. This level was broken convincingly by the daily candle on 20 October consequently peaking at over 3.2. We then observed a retracement to the 0.786 fib zone.Our trade intends to ride the rise from the fib to the Dec 2017 highs. For better R multiple we enter on H4. We enter position as we expect a pullback of some sort at the 3.1200 zone. Entry: 3.1411 SL : 3.1180 (Very aggressive stop) TP1 : 3.1990 ( R-2.51) TP2 : 3.2940 (R-6.62)
FX:COPPERLong
by taftrader
Copper is facing bullish pressure We caught the bounce nicely from our first support and remain bullish above this level. Price is facing bullish pressure from our intermediate support in line with our 38.2% fibonacci retracement and horizontal pullback support where we could see a further push up above this level. Ichimoku cloud is showing signs of bullish pressure in line with our bullish bias. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
OANDA:XCUUSDLong
by Tickmill
Copper bounced nicely, potential for more upside! We caught the bounce nicely from our first support and remain bullish above this level. Price is facing bullish pressure from our first support in line with our 38.2% fibonacci retracement, 127.2% fibonacci extension and horizontal pullback support where we could see a further push up above this level. Ichimoku cloud is showing signs of bullish pressure in line with our bullish bias. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
OANDA:XCUUSDLong
by Tickmill
#Copper - Higher High - Position yourself long term #XCUUSDToday, August 19, 2020, the 2019 April high within wave 1 of wave III was taken out of the market. Whoever wants to earn real money in the next few years, as with gold and silver stocks, can now also position himself with copper or its producers. I introduced a few in the last YT video. In my opinion, price setbacks should be used for strategic entry or position building. Greetings to yesterday's participants from Hayek-Club Hannover Stefan Bode
OANDA:XCUUSDLong
by StefanBode
3
Copper broke out of resistance, potential for further upside Price is facing bullish pressure from our first support in line with our 23.6% fibonacci retracement, 78.6% fibonacci extension and horizontal pullback support where we could see a further push up above this level. Ichimoku cloud is showing signs of bullish pressure in line with our bullish bias. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
OANDA:XCUUSDLong
by Tickmill