COPPER 123 FORMATION Short

OANDA:XCUUSD60

CopperOANDA

Description

⋅ Nov 28, 2016 1:56 PM

lower low + lower high + lower low + trend line breakout
sell the rebound on trend line

Trade active

⋅ Nov 28, 2016 4:45 PM

123 perfectly formed

Comment

⋅ Nov 29, 2016 9:49 AM

.236 fib level reached + pinbar
copper has an high prob to continue its downtrend

Trade closed: target reached

⋅ Nov 30, 2016 7:49 AM

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

Comment

⋅ Nov 30, 2016 7:54 AM

Trade active

⋅ Nov 30, 2016 1:55 PM

Comment

⋅ Dec 1, 2016 8:08 AM

closed

Comments

tsladamus

⋅ Nov 30, 2016 3:30 AM

Wow you were spot on @shizaru nice job! Any thoughts on where copper is going from here?

InvestitoreComune

⋅ Nov 30, 2016 7:49 AM

@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

InvestitoreComune

⋅ Nov 30, 2016 1:56 PM

@Shizaru, *bullish trend :)

ofa

⋅ Nov 28, 2016 8:11 PM

can u please explain more entry and exit points with buy or sell, respective TP and stop loss levels for tomorrow 29 nov 16?

InvestitoreComune

⋅ Nov 29, 2016 7:56 AM

@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