Copper analysis - Right angled ascending broadening pattern
Hi all, Copper seems to me completed it's correction to upside and now started it long term downtrend to the downside one can look for short setup to get in ride
Strongly rejected from upside and looks very weak. Trade setup with target and stoploss mentioned in chart.
Copper 4H chart study - Currently facing strong resistance
Buy Copper at CMP (2.72+) T1: 2.77 T2: 2.81 T3: 2.87 SL: 2.69
COPPER IS AT WEEKLY SUPPORT. IF SUPPORT HOLDS THEN IT CAN BOUNCE TO 2.77-2.82 ELSE IT WILL FALL TO 1.70. TRADING PLAN BUY AT 2.60 PUT STOP LOSS BELOW 2.52 TARGET 2.77-2.82
BASED ON OUR UNIQUE 5 PARAMETER APPROACH, WE PREDICT BEARISH TREND
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 !
Hi guys, Copper making of classical H/S Pattern If you have any Question comment below and don't forget check out my other ideas too Thank you for your support --Prabhu Rajarathinam