Lavish_Jindal
Short

Copper near long term Resistance can fall

OANDA:XCUUSD   CFDs on Copper (US$ / lb)
copper is trading hovering near Resistance and we can see divergence on the charts which is a good signal, can be shorted here with a good favorable RR, Sl can be placed few pips above the last swing high i.e 2.72, targets are on the chart. Once it starts moving in our direction trailing stop loss is suggested as markets can turn back any moment.

A good pair of reversal candles is forming on the 15 and 30 minutes time-frame, you can look for sell as soon as the first sell signals come to minimize your risk, if it doesn't give any signal on the lower time frame and move up aggressively from here the setup will be invalidated.

Always Remember to take care of your risks profits will take care of themselves
Comment: It's very near the first target, move SL to entries and make sure to get some partial profits at TP1
Comment:
Comment: It's performing obviously well, it's easy to manage this one now we're in good profits, keep trailing your SL to the downside and book some profits at 0.5 fib or 2.61 level it can give some bounce from there and remember never let your profits turn into losses
Comment: It's good point to book some profits i am taking 1/3 of my position at 2.63 and leaving the rest with a tight SL of 2.67
Comment: Add more sell when it breaks that flag

Comments

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