Copper (XCUUSD) 4H chart study

OANDA:XCUUSD   CFDs on Copper (US$ / lb)
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.
Comment: Not going short even after H&S breakdown
Comment: Buy copper at CMP (2.87+) and on dips upto 2.83+
Comment: 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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