Background:
- Several bullish reversal candle off 50MA support in this bullish trend
Entry:
- Buy Stop set above 4 Jan 2017 bullish reversal candle top @ 2.57
SL:
- Set at 50% fib of the entry candle @ 2.505
TP:
- Set at previous swing high @ 2.675
- Several bullish reversal candle off 50MA support in this bullish trend
Entry:
- Buy Stop set above 4 Jan 2017 bullish reversal candle top @ 2.57
SL:
- Set at 50% fib of the entry candle @ 2.505
TP:
- Set at previous swing high @ 2.675
Trade active:
Updates - 6 Jan 2017:
- Oh boy... bulls seem to be in a break... yesterday session started off bullishly but closed a shooting star
- To hold on to the trade as shooting star is not formed at place of significance.
- Might consider to move SL downwards to have more breathing space for this trade... Have been suffered from several trade which price stop me out before going into my direction (Inappropriate SL setting)
- Oh boy... bulls seem to be in a break... yesterday session started off bullishly but closed a shooting star
- To hold on to the trade as shooting star is not formed at place of significance.
- Might consider to move SL downwards to have more breathing space for this trade... Have been suffered from several trade which price stop me out before going into my direction (Inappropriate SL setting)
Trade active:
Updates - 8 Jan 2017:
- Phew... luckily i did moved my SL to 2.49 before the price tested my intial SL at 2.5
- The last day of the trading week, had the price started bearishly, testing the physiological point of 2.5 and reversed to close a bullish reversal candle
- Could this be the signal of a revitalized bull run?
- To hold on to this trade subject to next week price action
- Phew... luckily i did moved my SL to 2.49 before the price tested my intial SL at 2.5
- The last day of the trading week, had the price started bearishly, testing the physiological point of 2.5 and reversed to close a bullish reversal candle
- Could this be the signal of a revitalized bull run?
- To hold on to this trade subject to next week price action
Trade active:
Updates - 10 Jan 2017:
- No significant price action from the start of the trading week. Price basically consolidating within the 4 Jan bullish candle
- Will hold on to this trade as no significant bearish signal noted.
- No significant price action from the start of the trading week. Price basically consolidating within the 4 Jan bullish candle
- Will hold on to this trade as no significant bearish signal noted.
Trade active:
Updates - 11 Jan 2017:
- Yesterday session closed a bullish marobozu engulfing previous days bearish pullback.
- At this point of writing, this pair is 50% on the way to my PT at 2.675.
- Will hold on to this trade and definitely has high hope on this!
- Yesterday session closed a bullish marobozu engulfing previous days bearish pullback.
- At this point of writing, this pair is 50% on the way to my PT at 2.675.
- Will hold on to this trade and definitely has high hope on this!
Trade active:
Updates - 12 Jan 2017:
- Not much price movement for yesterday session.
- Upcoming US data release and Feb speech might upset this trade.
- To keep close monitoring on this set up.
- Not much price movement for yesterday session.
- Upcoming US data release and Feb speech might upset this trade.
- To keep close monitoring on this set up.
Trade closed: target reached:
Updates - 13 Jan 2017:
- PT reached @ 2.675 with gain of 0.105 :)
- Yesterday candle closed a bullish marobozu near the 2016 high.
- Will the price go higher? Likely... but I do expect some bear reaction near 2.7
- Lets see the next price action before next trade for copper....
- PT reached @ 2.675 with gain of 0.105 :)
- Yesterday candle closed a bullish marobozu near the 2016 high.
- Will the price go higher? Likely... but I do expect some bear reaction near 2.7
- Lets see the next price action before next trade for copper....