XCUUSD trade ideas
Copper is facing bullish pressure, potential for further upside Copper bounced nicely from our support level to hit our resistance target previously. Price is facing bullish pressure from our intermediate support, in line with our horizontal swing low support, 38.2% fibonacci retracement where we could see a further upside above this level. Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.
Copper is facing bullish pressure, potential for further upside Copper bounced nicely from our support level to hit our resistance target previously. Price is facing bullish pressure from our first support, in line with our horizontal pullback support, 23.6% fibonacci retracement and 61.8% fibonacci extension where we could see a further upside above this level. Ichimoku cloud and 20 EMA are showing signs of bullish pressure as well, in line with our bullish bias.
Copper prices could see further upsidePrice is facing bullish pressure from our first support, in line with our horizontal overlap support, 61.8% fibonacci retracement where we could see a further upside above this level. Ichimoku cloud and 20 EMA are showing signs of bullish pressure as well.
Copper prices is facing bullish pressure Price is facing bullish pressure from our first support, in line with our horizontal overlap support, 61.8% fibonacci retracement where we could see a further upside above this level. Ichimoku cloud and 20 EMA are showing signs of bullish pressure as well.
Copper prices could see further upside Price is facing bullish pressure from our first support, in line with our horizontal pullback support, 61.8% fibonacci retracement where we could see a further upside above this level. Ichimoku cloud and 20 EMA are showing signs of bullish pressure as well.
COPPER (XCU/USD) – Week 6 –Consolidation not over yet.Copper price moved sideways for the whole trading week, as we predicted in our past analysis.
For this week we are expecting the bearish corrective move to finish with a high chance that we will test the support area and the lower channel line highlighted on the chart. Once this move is completed, our long-term bias for this pair will be bullish.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Copper is approaching support, potential bounce Price is facing bullish pressure from our first support, in line with our horizontal pullback support, 38.2% fibonacci retracement and 61.8% fibonacci extension where we could see a further upside above this level. Ichimoku cloud and 20 EMA are showing signs of bullish pressure as well.
Copper is facing bullish pressure Price is facing bullish pressure from our first support, in line with our horizontal pullback support, 38.2% fibonacci retracement and 78.6% fibonacci extension where we could see a further upside above this level. Ichimoku cloud and 20 EMA are showing signs of bullish pressure as well.
Copper is facing bullish pressure, potential for further upside
Price is facing bullish pressure from our first support, in line with our horizontal pullback support, 23.6% fibonacci retracement where we could see a further upside above this level. Ichimoku cloud and 20 EMA are showing signs of bullish pressure as well.
Copper is testing resistance, potential reversal Price is approaching our first resistance, in line with our horizontal swing high resistance, 127.2% fibonacci extension and 76.4% fibonacci retracement where we could see a reversal below this level to our first support target. Stochastic is testing resistance as well, where we could see a reversal below this level.
COPPER (XCU/USD) – Week 5 – Correction knocking on the door.Copper price moved sideways for the whole trading week, as we forecasted in our past analysis. As we broke out of the previous trendline, we anticipate for this week that the consolidation will continue to the support area highlighted on the chart. Once this move is completed, we will likely see the top brake once more.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Copper is approaching resistance, potential reversal
Price is approaching our first resistance, in line with our horizontal swing high resistance, 78.6% fibonacci extension and 78.6% fibonacci retracement where we could see a reversal below this level to our first support target. Stochastic is testing resistance as well, where we could see a reversal below this level.
Copper Correcting?Maybe this metal needs a breather from torrid bull pace. Seems like 3.33 be a logical spot for retest.
Copper is approaching resistance, potential reversal Price is facing bearish pressure from our first resistance, in line with our horizontal swing high resistance, 78.6% fibonacci extension and 78.6% fibonacci retracement where we could see a reversal below this level to our first support target. Stochastic is testing resistance as well, where we could see a reversal below this level.
Copper Long SetupCopper Long Setup
Entry: $3.4989
TP & RR: $3.6094 (3.47)
Stop Loss: $3.4671
REASONS FOR THE TRADE
Opening a long order at a support level. As simple as that. The Stop Loss is set below the previous low and the Take Profit is at the lower trendline from the triangle that we broke down from. The market Flow indicator is printing a divergence on the 4h chart, so I believe the price should start trending up. I will be quick to trial the stop loss if the price indeed goes up. This is one of those trades that can go wrong very quickly and I don't want to give up profits.
Copper is facing bearish pressure, potential reversalPrice is facing bearish pressure from our first resistance, in line with our horizontal pullback resistance and 61.8% fibonacci retracement where we could see a reversal below this level to our first support target. Ichimoku cloud and EMA are showing bearish pressure as well in line with our bearish bias.
Copper is facing bearish pressure, potential reversalPrice is facing bearish pressure from our first resistance, in line with our 100% Fibonacci extension and 76.4% fibonacci retracement where we could see a reversal below this level to our first support target. Stochastic is approaching resistance as well, in line with our bearish bias.
Copper is approaching resistance, potential reversalPrice is facing bearish pressure from our first resistance, in line with our 78.6% Fibonacci extension and 76.4% fibonacci retracement where we could see a reversal below this level to our first support target. Stochastic is showing signs of bearish pressure as well, in line with our bearish pressure.
COPPER (XCU/USD) – Week 4 – Correction knocking on the door.Copper prices are highly responsive to global growth and liquidity conditions, which is why it was one of the most preferred metals by the investors at the moment, even though in the past week, Copper prices moved sideways with nothing much to offer.
For this week we anticipate that the previous top will be once more broken.
Our advice is to skip this one for the moment and focus on other instruments.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
COPPER: Correction may be comingThe chart shows that the big bull market in copper may be weakening and about to correct.
The 2H ATR (amber line) showing the bull strength, is vacillating in its conviction. Finally, there is a trend-switch for the south.
This is a trend following set up - which means if shorting there can be no targets. Stop losses are usually difficult to define, are large and somewhere above the ATR line.
Price of copper is dependent on the US Dollar strength. The DXY shows trends opposite to copper.
Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
