Breaking down after a previous wave C weak breakout and breaking a wedge pattern to the down side. This air has not been kind to me in the past so....... :)
Copper weekend revision.
Copper = inflation commodity
On log scale its out of its long term bear channel (not on normal scale).
I expect a fall to 2.45 short term as a possibility.
However long term i stil believe in the inflation trade.
But the market Always is the opposite of Obvious.
Commercial traders have recognized this and our near record short.
Indicating...
My plan is to try and buy low and sell high, so I will be looking for a chance to short the completion of the bearish Cypher and then will begin to watch for bullish patterns on this time frame (so far butterfly, bat and cypher are all possibilities but we will see what develops).
Hi traders,
On the XCUUSD we have a potential AB=CD pattern taking shape on the 4H timeframe.
Target will be at the 50% of the A-D move.
Good luck traders!
Hi traders,
On the XCUUSD we have a potential bearish cypher pattern taking shape.
Entry: 2.79619
Stop: 2.83339
Target: 2.72221 = R:RR 1.99
Good luck traders
Will watch price closely at .786 of the larger move, and am looking to enter at the completion point (D) as long as no warning signs for the pattern present.
Hi traders,
On the copper we have a potential bullish bat pattern on the 4H timeframe. Entry and completion at point D.
Entry: 2.62001
Stop: 2.58409
Target: 2.70708 = R:RR 2.42
Good luck traders!
Hi traders,
On the copper we have a potential bearish bat pattern taking shape. This pattern will complete at point D.
Entry: 2.81352
Stop: 2.83486
Target: 2.76646 = R:RR 2.21
Good luck traders!
Mostly everything is shown in the chart. Shorts seem risky...I'm gonna need to think about it!
Please share your thoughts and/or ideas below! Also please keep in mind I am very much a novice and these are just my own ideas :)
I am looking to enter a very small risk long based on the small (pink) AB=CD pattern shown in the chart.
If that trade fails, I will be watching the PRZ of the larger blue AB=CD pattern between 2.555 and 2.589.
Feedback and comments are always appreciated
