copper breaking above a key pivot level makes it a buyCopper has just crossed above a key pivot level on the hourly time frame. This levels has been tested on both sides as support and resistance earlier and hence it is an important level. The next level is roughly 2% away, thus it is logocal to think that we can get a rally of roughly 14 point in copper in mcx from here. The mcx copper is at 731 and hence the target of 745 is on the cards
Xcuusd (Copper)
copper long as it breaks above a key level Copper has just crossed above a key pivot level on the hourly time frame. This levels has been tested on both sides as support and resistance earlier and hence it is an important level. The next level is roughly 2% away, thus it is logocal to think that we can get a rally of roughly 14 point in copper in mcx from here. The mcx copper is at 731 and hence the target of 745 is on the cards
Copper (XCUUSD) buy setupBuy Copper at CMP (2.67+) and on dips upto 2.65
T1: 2.78
T2: 2.85
T3: 2.94
SL: 2.599
Copper near long term Resistance can fallcopper 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
Copper hourly chart analysis - Channel and megaphoneCopper hourly chart analysis - Channel and megaphone
Copper buy setup - Bounce at historical supportBuy XCUUSDat CMP (2.66+) and upon dips upto 2.55
T1: 3.30
T2: 3.66
T3: 4.14
T4: 4.65
SL: 2.44
Copper analysis - Right angled ascending broadening patternCopper analysis - Right angled ascending broadening pattern
Copper 4H chart study - Currently facing strong resistanceCopper 4H chart study - Currently facing strong resistance
copper reversal trade ( with small stop loss) risk reward as far as i think its good in long trade , then to go short ,
i can be wrong but its fine , as the sl is small , while in short trade i might get stuck ! and reward nthere is clearly undefined !
Copper buy setupBuy Copper at CMP (2.87+) and on dips upto 2.83 with SL below 2.74
Targets marked with green horizontal lines
Copper (XCUUSD) 4H chart study1. Look for a buying opportunity as long as Copper stays above 2.695
2. Avoid any shorting opportunity above 2.695 however attractive it may seem. Shorting below 2.695 only.
