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CFDs on Copper (US$ / lb)
Long

Copper Buy on bounce setup

By k314
Updated
Buy copper on bounce above 3.015

Please keep watching this space for more updates on target and SL once trade gets activated
Note
Once trade is active

T1: 3.030
T2: 3.050
T3: 3.062
T4: 3.071

SL: 2.988
Note
Aggressive traders can go long now as the high of hourly red candle is taken down by the candle that bounced on the channel bottom.

snapshot
Note
Conservative traders can wait for further confirmation
Note
So far Copper hourly candle has given a solid bounce

snapshot
Trade active
Trade closed: stop reached
Note
Copper after breaking the channel is now ready to make a pull back.
A broadening wedge is seen

snapshot
Chart PatternsCopperTechnical IndicatorsTrend Analysisxcuusd (Copper)xcuusdlong
k314

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