I see a potential trade on Copper. On the daily it has formed a nice double bottom (unconfirmed) with a strong bullish engulfing candle at support, all good signs to the upside. I am seeing MACD divergence on the daily, in addition RSI divergence. I have dropped down to the 4 Hour chart and have highlighted the 50% Fib area I am interested in for an entry. I'll set a limit order, if it hits we are in a trade, if not, I go looking elsewhere. 1% Risk 2:1RR - Happy Trading
Comment:
I have yet to get long on this trade, never fun watching a good trade pass you by.
I moderate a small community 4 traders, analyzing weekly charts, and discussing trade setups. Focusing on psychology.