anilmangal
Long

COPPER TRIANGLE

FX:COPPER   Copper
6648 19 248
Hi Guys , if this pattern proves to be a triangle the the next move should be up, Since it's a daily triangle we can actually trade inside it rather than wait for it to break. Buying ther break would be a nice trade back to the top. If it breaks out of triangle ,the trade is no longer valid.

Trade with care
Use a tested strategy
Thank you for support.
Comment: broke out
snapshot
Comment: You can move stop to BE and let's see if it get to the top.
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So the arrow is the E wave?
I miss your old charts with the Fibonacci and the wave counting....

Thank you :)
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anilmangal PRO Vince.lander
If it is a triangle , we will only know when the pattern is completed.
+1 Reply
This is one of my favorite setup... simple and clean!
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Yes, win or lose i like these too! Great R/R.
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Anrows1 anilmangal
hi has this now a long trade ? thanks
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Nice pattern...thanks Anil.
+1 Reply
keep an eye on it
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Smiley8080 anilmangal
Thanks fpr the chart and update Ani.
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As always, thanks for sharing your chart, anil.
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Hi Anil,
Wrongly or rightly, your triangle trendlines cross right on the day of FOMC...
There also seems to be a bat pattern between June's low and now which is another argument in favour of the breakout.
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VirtualFax VirtualFax
The first bat between Jan and Jun worked like a charm...
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Vince.lander VirtualFax
Didn't you see his Webinar? There are no animals in the charts, just corrections, impulses and consolidations.
+3 Reply
VirtualFax Vince.lander
If it looks, swims and quacks, then you know what it is :). Whatever you prefer to call it as long as it drives your account northbound.
And thanks for the suggestion - I'll watch the webinars.
+1 Reply
In my daily chart it is still below ST downtrend. By the way, I agree with the target.
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Cooper triangle
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LT downtrend/channel (upper red line) points to 2.18
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Awesome ;)
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great call. I'm still in the trade, moving the SL as it goes.
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I see a nice flag on the 1H. Another chance to buy/add if it breaks do you think?
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