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Simple_Renko
Dec 13, 2017 5:01 PM

Copper Short Short

CopperFXCM

Description

See callout bubbles. I can't trade COPPER, but I still enjoy doing analysis on it. It looks like the market might be offering a nice Short opportunity. Check it out and let me know what you think!

Always measure your risk and be okay with being wrong ; )

Comment

Price reacting nicely so far to our highlighted level. Let's see how much juice the sellers at this level have.
Comments
MoonPickle
nope, ABC correction/consolidation is done, going up in the short-mid term
MoonPickle
Simple_Renko
@MoonPickle, Higher time frame chart is indicating a sideways trend with an itching to go higher, so I'm with you on bullish Copper. The zone highlighted would only be a quick countermove if it holds. I should have left that in the callout bubble, but couldn't edit after posting ; )
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