COPPER H1 Distribution Phase After Lower High Formation

📝 Description
In COPPER on the 1H timeframe, price is showing signs of distribution after forming a lower high into a confluence zone of FVG + BPR + H1 supply. The rejection from this area indicates sellers are stepping in, and the current pullback lacks strong bullish continuation, favoring a bearish move.
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📉 Signal / Analysis
Primary Bias: Bearish
Preferred Setup:
• Entry: 5.9923
• Stop Loss: Above 6.0165
• TP1: 5.9672
• TP2: 5.9464
• TP3: 5.9257
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🧠 ICT & SMC Notes
• Price tapped into H1 FVG + BPR (premium zone)
• Clear lower high formation confirms bearish intent
• Rejection candles show supply dominance
• Internal liquidity likely to be taken below current structure
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📌 Summary
As long as COPPER remains below 6.016, the setup favors downside continuation targeting 5.9728 and 5.9257.
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🌍 Fundamental Notes / Sentiment
Copper is sensitive to global growth expectations and USD strength. Any signs of economic slowdown or stronger dollar pressure can accelerate the bearish move in the short term.
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⚠️ Risk Disclosure
Trading involves substantial risk and may result in capital loss. This analysis is for educational purposes only and does not constitute financial advice. Always apply proper risk management, predefined stop-loss levels, and disciplined position sizing aligned with your trading plan.