OANDA:XCUUSD   CFDs on Copper (US$ / lb)
Copper is a crucial stage at the moment and we can observe a channel and a symmetric triangle.

PS: Use this chart as a reference/supportive tool in addition to your analysis.
Comment: Copper re-entered the channel

Comment: Copper traders can try buying small quantity with tight SL

Comment: The setup is still valid and hope it was helpful.


copper upward break out happened, earned very good profit because of you. Thank you for acknowledging me about coil. thank you again. feeling very happy.
+1 Reply
k314 vaibhav14476
@vaibhav14476, Cheers! Happy to hear it helped you :)
Congratulations! Profit or loss is all because of your decision making skills and risk management. Not because of me _/\_ :)
Thank you for posting this post. Now I can see coil , till reading this post, I saw the chart many times but was missing to see the coil.
k314 vaibhav14476
@vaibhav14476, Thank you :) Glad you liked me posting the post. Also makes me happy that you noticed the coil :D
Not sure if you also noticed the magnetic flux lines around it. Do apply Faraday's law to see the magnetic flux around the coil. Then in addition to that you can also derive electromotive force using the magnetic flux.

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