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Technician
Nov 27, 2019 12:45 AM

Copper: Short-term Long Trade Long

CopperOANDA

Description

I placed a pending buy on a retest of the broken neckline for a double bottom pattern, the pattern formed at the 50-days simple moving average. I am expecting a retest of the recent swing highs just near the 200-days simple average. Trade details on chart.

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Technician
Comments
nuttydave
Like it, though it could be a short term rally and not quite back to the previous high. Have a feeling after the strong down move and bottoming out that this rally up will be temporary and want to pull back to support around the 2.60 level.
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