MattArmstrong
Long

Copper - Long Idea

FX:COPPER   CFDs on Copper
I see a potential trade on Copper . On the daily it has formed a nice double bottom (unconfirmed) with a strong bullish engulfing candle at support, all good signs to the upside. I am seeing MACD divergence on the daily, in addition RSI divergence. I have dropped down to the 4 Hour chart and have highlighted the 50% Fib area I am interested in for an entry. I'll set a limit order, if it hits we are in a trade, if not, I go looking elsewhere. 1% Risk 2:1RR - Happy Trading
Comment: I have yet to get long on this trade, never fun watching a good trade pass you by.
Ideas posted for educational purposes only. I am not advising you how to trade or invest your capital.
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