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Olu
Dec 15, 2015 10:16 PM

Copper: Downtrend Resumed? Short

CopperFXCM

Description

Comments on the chart

Comment

a bit of a pus up today despite strength in the US$.. Still looking lower as long as 2.130 is intact

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Took a short here against the recent high. Risk is more bearable

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Price came within whiskers of stopping me out before today's retreat. A bearish reversal (bearish engulfing or railroad candle) has been put in today. Looking for more downside...

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Bullish price action today.Again within whiskers of my stop loss

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Dont quite like how price is holding the upper end of the ranges...

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Position is a bit more comfortable as the market fell hard. Position is now safe above b/e - even with a bit of gain as well

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I am in a happy place as I closed out in profit on copper. I am still bearish but one thing I believe is when price is not behaving according to plan get out. I am not considering longs at all right now

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Nice move down however I am not in it. Shame. I am bearish towards 190 so looking for another entry short
Comments
LEONES
agree on the last comments..
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