TomProTrader

Copper: Strong Bearish Presence, Bulls Ran Out Of Steam

FX:COPPER   CFDs on Copper
7
Traders,

Compelling bearish candles at the top of the range at the sideways resistance. There is 2 shooting stars showing strong selling pressure followed by clear bearish follow through. This could be a corrective or bearish impulse leg, but more likely a corrective leg before more upside. But still a good opportunity to get a few points, and definitely a sign to take profits if in a long position.

I hope you have a tested trading strategy to trade this move when it starts

Thank you for your support
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.