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MtICHI
May 10, 2022 7:55 PM

copper is heavily bearish Short

CopperFXCM

Description

copper is heavily bearish toward 3.6 and then 2.5 USD/lb
a clear and powerful divergence of MACD on Weekly time frame indicating solid bearish move
there is support area near 3.6 including weekly ema200 and trendlines specified our first tp
for second tp we see ichimikou and there is monthly flat kijensen is telling us that copper will be headed toward south for second tp around 2.5
any comments please share
Comments
hungry4profit
I like this a lot and was looking at something similar w support around 3.6 and possibly 3.3. With Copper trading around 4.1 at the minute I am looking a bit higher before shorting but essentially have the same idea.
MtICHI
@hungry4profit, great idea .hope to be successful and profitable
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