Shizaru
Short

COPPER 123 FORMATION

OANDA:XCUUSD   Copper
134 5 5
lower low + lower high + lower low + trend line breakout
sell the rebound on trend line
Trade active: 123 perfectly formed
Comment: .236 fib level reached + pinbar
copper has an high prob to continue its downtrend
Trade closed: target reached: Time to long now to 2.70. 1hr and 4h stoch are in oversold territory, but 1d stoch is in overbought so i'm expecting a triple max/H&S pattern before huge retracement at least around .618 fib level

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Trade active:
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can u please explain more entry and exit points with buy or sell, respective TP and stop loss levels for tomorrow 29 nov 16?
Reply
@ofa, hi, for today I'm expecting a little retrace around to the area indicated on the below chart, than copper should fall around .768 fib

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Reply
Wow you were spot on @shizaru nice job! Any thoughts on where copper is going from here?
Reply
Shizaru tsladamus
@tsladamus, idea updated. i'm expecting a short term bearish trend in order to form a triple max/H&S pattern before an huge retracement
Reply
Shizaru Shizaru
@Shizaru, *bullish trend :)
Reply
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