AdamHeng

Forming right shoulder pattern of Copper in coming days

Short
AdamHeng Updated   
OANDA:XCUUSD   CFDs on Copper (US$ / lb)
Even though the copper price recovered to 3.10 quickly from last week, however copper price went range trend(pressure zone 3.22~3.05) since mid Oct to early Dec 17. Provided copper fail to break 3.17 in coming days then there will be high chance to form right shoulder pattern. Then, short trade is preferred. Initial target is short till 2.90 (potential neckline). After that, to be observe
Order cancelled:
My previous idea was invalid after price successfully broke above 3.17.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.