Bullish momentum to extend?COPPER is falling towards the support level which is a pullback support that align with the 23.6% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 4.2646
Why we like it:
There is a pullback support level that aligns with the 23.6% Fibonacci retracement.
Stop loss: 4.2003
Why we like it:
There is an overlap support level that lines up with the 38.2% Fibonacci retracement.
Take profit: 4.3858
Why we like it:
There is a pullback resistance level that lines up with the 138.2% Fibonacci extension.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
XCUUSD trade ideas
Dr Copper - Copper continue to decline!?Copper is located in a 4H timeframe, lower than EMA200 and EMA50 and is trading in its mid -term descending channel
Short -term copper purchases can be sought if the downtrend continues to reach the demand zone, which is also intertwined with the weekly copper pivot
The upward correction of copper to the specified supply zones will provide us the sell position
#Copper bearish move possibility
The price of copper has reached the upper boundary of a long-term bearish channel, which is currently acting as resistance. Additionally, the recent bullish move failed to break above the previous high, indicating that the bulls may be losing strength.
I'm looking for a minor bullish corrective move in this asset to potentially short it at a more favorable price level.
#SPX intermarket analysisAs observed, the SPX and Copper have shown a strong positive correlation over the past few weeks, often forming tops and bottoms simultaneously.
Given that Copper recently failed to break above a long-term bearish channel upper line and has broken its structure to the downside, we might expect a similar move in the SPX.
However, when trading SPX based on this intermarket analysis, it's crucial to wait for a price confirmation in the SPX itself before taking any action.
Bearish reversal?COPPER is rising towards the resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 4.3188
Why we like it:
There is a pullback resistance level which aligns with the 61.8% Fibonacci retracememnt.
Stop loss: 4.46047
Why we like it:
There is an overlap resistance level that aligns with the 78.6% Fibonacci retracement.
Take profit: 4.1250
Why we like it:
There is a pullback support level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Copper Ready to Surge: Fed Pivot Ignites Breakout Potential Copper is on the verge of a major breakout, fueled by a shift in market sentiment after Jerome Powell's clear signal of impending interest rate cuts at the Jackson Hole symposium last week. With rate cuts expected to boost economic growth and drive copper demand, the stage is set for a significant price rally.
Copper Futures - Sep 24 (HGU4)The labels that are used are ment to draft and measure context to the price action involved and contain no rules-engaged notebook + applied-set up indicators, but an avoiding interference to use other rules-engaged software to enhance in general, regarding to the watchlist and trade plan that is relevant to trade-on
Within a 100K account balance the split on trade & risk management = 1/10% - 1/20% margin as an execution range, to set up an order entry and select a per trade on average, to avoid any drawdown hit regarding to the stop loss & to execute risk on management specifics. Trail stop efforts are a focus of attention to the set up in general when volatile-price-action is involved, mainly because of the usage of an intraday-scalp-position tool on behalf on the trade plan in general
Key indicators on Trade Set Up in general;
1. Push Set Up
2. Range Set Up
3. Break & Retest Set Up
Active Sessions on Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
* Weekend Crypto Session
# TREND | TIME FRAME CONDUCTIVE | Daily Time Frame
- General Trend
- Measurement On Session
* Signpost
* Support & Resistance
* Trade Area | Focus & Motion ahead
# POSITION & Risk Reward | 45 Minutes Time Frame
- Measurement On Session
- Flat Top/Bottom
- HL
* Retracement | 0.5 & 0.618
* Extension | 0.88 & 1
Conclusion | Trade Plan Execution & Risk Management on Demand;
Copper Futures - Sep 24 (HGU4): Overall Consensus | Buy
Potential bullish rise?COPPER has reacted off the support level which is an overlap support that lines up with the 23.6% Fibonacci retracement and could rise to our take profit.
Entry: 4.1293
Why we like it:
There is an overlap support level which aligns with the 23.6% Fibonacci retracement.
Stop loss: 4.0266
Why we like it:
There is an overlap support level which is slightly below the 50% Fibonacci retracement.
Take profit: 4.3154
Why we like it:
There is a pullback resistance level which aligns with the 50% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
COPPER - Following Gold?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 COPPER has been overall bullish, trading inside the rising wedge pattern in blue.
At present, COPPER is undergoing a correction phase and it is hovering around the lower bound of the wedge.
Moreover, it is retesting a massive support zone marked in green.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green support and lower blue trendline acting as a non-horizontal support.
📚 As per my trading style:
As #COPPER approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Dr Copper - Which direction will copper go!?Copper is located between EMA200 and EMA50 in the 4H timeframe and is moving in its descending channel
The basis of short-term trading can be considered as breaking or maintaining the drawn short-term upward trend line
The failure of this line and copper reaching the demand zone will provide short-term buying conditions for copper
On the other hand, the authentic failure of the downward channel and copper reaching the supply zone, which is also at the intersection with the copper monthly pivot, will provide us with the opportunity to sell it with a suitable risk reward
COPPER 📊 #XCUUSD
⏱ TIME: 1D
📝Technically and fundamentally, it is a very good place and the position has little risk
⭕️risk: low
📍The initial buying market around: 3.98
📌TP1: 4.086 $
📌TP2: 4.175 $
📌TP3: 4.298 $
📌TP4: 4.408 $
⛔️SL: 3.86 $
❌These analyzes are just to give a better perspective for you dear ones
Do not base on buying and selling❌
Will Copper Rise?We are seeing copper at some lows we've not seen this year after a big rally we slumped due to a lower demand for metals in China. We still await Chinese stimulus via their new bonds as well as most central banks of developed nations bar BOJ looking to cut rates by year end. This should help stimulate global growth putting copper on the forefront again. Are we at the start of a reversal or is this another dead cat bounce!!!!
Coppers and RobbersThe current copper setup is a steal.
Looking back we find copper price action is in a similar position to that of 2005. Overhead resistance above can give a rough estimate of a top should prices continue to break higher
The weekly MACD is almost too perfect. Suspicious maybe. Nonetheless, support is $4.00 and only a sustained break below would arrest this trend.
Target above.
The best play on Copper is SCCO - southern copper corp - nice dividend payer. For the last year SCCO looked like it could be forming a bull flag after tagging the 1.618 extension level
The 2.618 level is still the target and judging by this breakout, Copper's probationary period might be over