COPPER - Forecast (sell then buy)
/*Take it at your own risk*/
Manage you risk always
Trade idea with LT
- Price Action: Price has been extremely bullish from the 19 March 2020 to the 10 May 2021. We can see almost a year of bullish momentum. From the 10 May 2021 price seems to be correcting and allowing sellers to sell. If we are correct with the bullish momentum then we will be looking at buying when sellers are confident in there bias. We might see it happen around that buy zone box.
- Technical Analysis: Looking to complete a regular flat following that downward channel. I believe that price has been accumulating buy orders within that blue box to validate the sell.
- Fundamental Analysis: Have an eye on the news or economic calendar....
Manage you risk always
Trade idea with LT
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