k314

Copper Buy on bounce setup

Long
OANDA:XCUUSD   CFDs on Copper (US$ / lb)
Buy copper on bounce above 3.015

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

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

SL: 2.988
Comment: 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.

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

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