LRC1! trade ideas
Beautiful price action in Copper chartCopper is consolidating for a while at important resistance level. Also it is at a long running TL corresponding to 100 ema also. Lower TL has become a important buying zone in the past also. Closing above recent resistance can give good up move again.
Good price action for learning in this chart:
1) Beautiful respect to lower TL
2) Resistance level became the support and again turned into a resistance.
For educational purpose. Trade at ur own risk with proper risk management.
Fibonacci Channel on #Copper weekly ChartNew to the world of CHARTS, but always fascinate by Fibonacci. Tried the fib Channel on Copper weekly chart, markets seem to mostly respect the time schedule as per Fib.
Will keep analyzing more.
copper futuresinteresting / deciding week for copper. will decide its near term trend.
need to close above 4.27
Copper Futures - Expanding Channel PatternCopper Futures - Expanding Channel Pattern
Target 1 @ 798
Target 2 @ trendline 2
StopLoss below trendline 1
copper future huge move comingif the lower line is respected, a breakout above the falling wedge might lead to huge movement
Copper Futures Trade for July 2021Strategy for trading Copper for July 2021
1. Copper is in Downtrend on Daily Chart but have formed reversal pattern with bullish hammer on 21 June 21 also RSI showing strength.
2. Strong Resistance zone between 733 to 740. This area will decide further direction for trade either on Long side or short side.
3. Price is respecting channel as shown, if it touches zone 733-740 and gives any bearish indication on Day chart we can go short
4. If Price breaks channel on up side +Price above 740 sustaining with bullish indication (Day candle) then enter for long.
Exact price for entry / exit and SL will be updated as we get confirmation on either long / short side
MCX Copper * Falling Channel
* TruStop negative Crossover
Bullish Journey to resume above 730-739 zone
#KeepItSimple
Copper View ( Buying opportunity ) Copper buy for initial target of 750 then 850 important levels r marked in the chart itself should be treated as demand and supply zone.
The long-term outlook of MCX CopperLook at the above weekly chart of MCX Copper. It has created an ascending channel pattern without breakout. This channel started in the previous year's April month. At present, it's falling after making a tail. But how much it can go down? Copper may fall more from here, and that can be up to 728 - 710.6 levels.
But overall, it's on an uptrend. So, soon it will start marching for the following levels:
760 - 780 - 800 - 820 - 840+
Copper making a comebackCopper forming a bullish bat harmonic pattern on daily time frame. Can move towards 860+ levels.
COPPER $5.15+ SOONIt is lying at lower line of the channel. hopefully stay in it & touch 5.16 in next few weeks
