COPPER 15M INTRADAY TRADING STRATEGY

MCX Copper Intraday Trading Strategy
Now, the first thing you must understand is how the CCI works in relation to the price and the moving average:
CCI is measuring how fast the price moves away from an average price (20-period MA).
The further the price moves away from the 20-period MA, the stronger the momentum.
When the price is hugging the 20 MA means that it’s lacking momentum.
When the price is pulling from the MA it signals momentum.
Now, we still haven’t used the CCI readings, which is the missing component you’ll learn next. The relationship between the price and the moving average is just not enough to trade copper profitably.
So read on…
The CCI indicator will help you measure the strength of Copper momentum. This will help us decide if it’s worth to pull the trigger and trade Copper.
Here is what you must know:
If you want to buy Copper the price has to cross and close above the 20-period moving average.
At the same time, the CCI must cross above the zero line.
for this particular copper trade setup, futures traders can hide their stop-loss below the candlestick that triggers the trade for a long position. At the same time, the profit target needs to be multiple times as much as your stop-loss to help you balance the risk.

Note* A break below the 20 MA can be a good profit-taking strategy. Moving average breakouts are known for signaling a trend reversal.