- Structure break down - 2618 pattern - Trending Dollar :) Good Luck! TP1 2.7685 TP2 2.7405 SL 2.8140
Copper followed the weird lines and still doing it. Is it looking for the 50-day moving average? It will if breaks the 100-day ma. At the moment a bit constrained. Learn how to beat the market as Professional Trader with an ex-insider! Have a Nice Trading Week! Cream Live Trading, Best Regards!
Copper is trading sideways for more than a month now within a 2.5400 - 2.7350 Rectangle on 1D (RSI = 56.012, MACD = 0.000) and the High Volatility (ATR = 0.0544) ensures the preservation of this neutral action. As seen the price has just been rejected on the Resistance, so we are now short aiming at 2.565.
Copper now at strong support, Dollar at it's major resistance. We can expect big bounce to CD-382, 618
- Structural support with fib confluence shall lift the copper from current price level. - Trend is likely to continue as copper is yet to hit major resistance level. Entry: Now. TP1: 2.71824 TP2: 2.74798 SL: 2.67450
Head and shoulder on copper, wait for close. For the TP of a HS, measure the pips between the tip of the head and the left shoulder neckline! Much LOVE<333 Follow for more ideas!! <3
Wait for a close below. The first TP is at the 0.681 fib, the second TP is at the 1.
ABCD pattern and Trend Analysis confirms short position
The rising wedge forming on XCUUSD is to be treated as a continuation pattern. Wait for the break of the wedge with a 4hr close below.
Some economies like emerging markets will have some winds against if the 200 ma is broken. Sidenote: "Top-notch entries are exclusive to members of Cream Live Trading" Learn how to beat the market as Professional Trader with an ex-insider! Have a Nice Trading Week! Cream Live Trading, Best Regards!
Copper is trading within a 1D Channel Down (RSI = 43.155, MACD = -0.058, Highs/Lows = -0.0015, B/BP = -0.0380) after reaching the 2.54472 mark. It is now near a new Lower High = 2.69388, which if it holds, will test the 2nd 1W support = 2.45945, which is our target for the new short on XCUUSD. If the Lower High is crossed, the we will get a temporary rise to 2.85479.
14th Aug 2018 FUNDAMENTAL ANALYSIS The analysis that follows in my discussion is quite deep, be prepared for some solid insight into the market for commodities, global economic analysis and the current situation of this 'trade war'. As such, I will endeavour to succinctly tie up fundamental and technical analysis to provide you with a good understanding of the...
- Breaking downtrend (purple line) - I am a buyer at confirmed breakout of first Retracement level (yellow line) - Volume Profile suggest we could see the price move from current levels to 2.83 and even 2.9 with little resistance (according to 1D volume profile) - This kind of attempted breakout, seems to common amongst the commodities complex. Counters: - as...
I just realized the Copper suffered a big drop and well, I'm wondering if we see no longer lovers on copper. The red metal dropped more than 18% since June and metals are accelerating a selloff over fears that the trade fight between China and the U.S. will dent economic growth, stunting demand for raw materials. At the moment China is a very peaceful actor, but...
Any rally/retest as high as the low 3 range remains a short on a long term scale (weekly).