prakashgp

Big Head and Shoulder pattern with long term reversal possiblity

Long
prakashgp Updated   
OANDA:XCUUSD   CFDs on Copper (US$ / lb)
Technically it looks like Copper is getting ready for long term upside by forming strong consolidations at monthly support. Looks like left shoulder and head is already formed where head is formed by a double bottom pattern which is also bullish.
Once pattern completes and price breaks above the pattern we can see a very strong and clean up trend.
Comment:
Working as expected. Recent move has been so strong
Trade closed: stop reached:
Failed

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