Genghis
Short

Copper Short

COMEX:HG1!   Copper Futures
51 13 4
Medium term still see prices heading higher but sat under trend line resistance this is a sensible shorting opportunity to test shoulders of inverse H&S .
Short at 2.270 SL 2.307 TP 2.037
Trade closed manually: Closed at revised SL of 2.125 as we bounce off inverse H&S neckline
Comment: Looking to flip long into 2.04-2.00
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Short at 2.270 SL 2.307 TP 2.037
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Genghis Genghis
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Got below 2.20 :)
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Genghis Genghis
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We have been in free fall but approaching potential support in the form of set up of bull trend line (yellow) and broken neckline (sloping green line)
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Genghis Genghis
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Mini bounce off broken neck line. SL moved to 2.125 incase we do rally from here
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Genghis Genghis
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Trade closed off neckline bounce at 2.125
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Genghis Genghis
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Long trade set up on the 15m TF.... prefer to wait on rally to reenter short
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Genghis Genghis
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However i would look to get long if the support trend line is taken out and we dip into 2.095 levels to get long.
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Genghis Genghis
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That couldn't have gone any more perfect. Have held out on getting short again so far though.
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Genghis Genghis
But where from here. This is what the different TF are suggesting at the moment:
Wkly - South (leaf set up)
Daily - a run above 2.14 today will provide Seed set up (North)
4hr - North
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Genghis Genghis
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Just scribbling but price action could play out this way. If it mimics something similar then I'll close long around 5 and look to get long again around c.
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Genghis Genghis
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Yikes
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Genghis Genghis
Out at flat on that long position
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Looking to flip long into 2.04-2.00
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