CFDs on Copper (US$ / lb)Updated Copper (XCUUSD) 4H chart study
1. Look for a buying opportunity as long as Copper stays above 2.695
2. Avoid any shorting opportunity above 2.695 however attractive it may seem. Shorting below 2.695 only.
2. Avoid any shorting opportunity above 2.695 however attractive it may seem. Shorting below 2.695 only.
Note
Not going short even after H&S breakdownNote
Buy copper at CMP (2.87+) and on dips upto 2.83+Note
As mentioned above the rationale here is to go with the major trend and avoid counter trend trades setups even when they seem obvious. Instead we would be looking for an opportunity to trade in the direction of major trend.
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