IvanLabrie

Copper: offering clues for the Australian dollar traders

FX:COPPER   Copper
Watch this commodity, since it's very influential, showing a high positive correlation with the australian dollar             .
Right now I have a bullish weekly setup, aiming for the area depicted by the triangle, which happens to match two channels' resistance.
Rgmov is advancing with price, and currently showing a 0.382 retracement after the recent bearish swing.
Will this be a refresher before further upside?
Should be constructive to keep this as reference when trading Australian dollar             FX pairs.
Good luck,
Ivan.
Trade closed: target reached: Time at mode trend signal expired, target wasn't hit. This normally implies a reversal...
Comment: What a reversal...