We can enter shorts in any way you prefer here. Stops should be above 18.89, the rest is up to you, can be an options play, or shorting stock. Targets are a retest of 12 initially, but I can see it hitting 7 in the intermediate term.
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers,
Link to Tim West's chatroom: tradingview.com/chat/ We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
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Free falling.
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Monitor the reaction to 12.25 once we're there. We should see steady downward momentum for at least 4 more days.
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And I'm free, free fallin' Yeah I'm free, free fallin'
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First target hit practically...maybe reduce exposure, or hedge it by going long AUDUSD/FXA perhaps.
Wow, it has called quite a bit. Another great call that came from the key hidden levels chatroom.
TF.
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what you think Ivan? Cheers
IvanLabrie
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Can't see the bars properly, so I can't comment on it. I'm guessing the channel intersections are your signals.
xiiimik
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What do you think of COPPER, and companies like FCX? I guess long. Thanks.
IvanLabrie
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Hi, I wouldn't go long copper yet, nor FCX.
It's uncertain still, and mostly a bearish scenario in the intermediate term.
Unless we move higher than the top red horizontal line here today, we could see continued selling in copper. Once below the next red line, downside would open up considerably, implying a steady decline to test the previous lows initially.
wolfstreetswinger
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thanks im in at 16 and we have movement :)
IvanLabrie
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Let's see how it goes. Good luck!
xiiimik
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I think I will cover you)
IvanLabrie
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I'm in the trade still, will take patience.
xiiimik
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X is on multiyear support line. Commodities going higher. It might get to 20. Then maybe back. Thanks for your opinion.