I've been watching copper for several weeks, wow what a drop. I am seeing some encouraging patterns for a long, I would be taking a 2:1 and out, not holding this one. I see a hammer at the end of a trend resting on previous support, MACD divergence, RSI oversold (even on the daily), I will set a limit order at support, I want the best entry here. That's it, that's all. 1% Risk 2:1RR - Happy Trading!
Trade closed: stop reached:
I got out of this trade after it took such a strong dump. Small loss, will sit back and continue to watch.
I moderate a small community 4 traders, analyzing weekly charts, and discussing trade setups. Focusing on psychology.