I’m taking a long position in COPPER at this level. If it retraces, I plan to add to my position down to around 4.15.
The weekly downtrend has ended, and this week’s price action has erased the previous bearish expansion bar. There are signs of bullishness on smaller timeframes, and the daily chart shows an active uptrend for the coming week.
Breaking out after some time. There's no need to add more or micromanage; just let it run its course.
Trade active
As long as the price remains above the current blue trend line, I see no reason to exit. If it drops below that level, I will consider it a failed breakout and will cut my position.
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