XCUUSD trade ideas
Copper is testing resistance, potential reversal Price is facing bearish pressure from our first resistance and descending trend line, where we could see a further drop below this level to our first support target, in line with our horizontal swing low support and 100% fibonacci extension. Stochastic is facing bearish pressure as well.
Copper is facing bearish pressure from our first resistance Price is facing bearish pressure from our first resistance and descending trend line, where we could see a further drop below this level. A break below our downside confirmation level at 2.82402 could provide the bearish acceleration to our first support target. RSI is facing bearish pressure as well.
Copper is facing bearish pressurePrice is facing bearish pressure from our first resistance and descending trend line, where we could see a further drop below this level. A break below our downside confirmation level at 2.77082 could provide the bearish acceleration to our first support target. RSI is facing bearish pressure as well.
Copper. P-Modeling Pt 1. Cajun Copper of the Black SwanWelcome Hyperspace Traveler..
A Bare Bones Simpleton Chart..
Please see the Baseline Snapshot.
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We just confirmed Mirror of 2008.
Major Crash Incoming, follow the laid fractal.
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Copper takes a huge breather for springboardCopper want's to take some decision about further move and gets on the rim of springboard: danger zone, probably some nose dive short, be nimble, if barrier 2,9045 can not hold
XCUUSD potential reversal!
XCUUSD expected to rise up to 1st resistance at 2.89410 where it could potentially react off and drop down to 1st support at 2.77443.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Copper - in corrective modeCopper has moved down from resistance at 2.95 and is presently trading close to the monthly pivot.
A counter trend trade could be considered , as outlined on chart....
The Dropoff ?Friday's second last candle is the longest 4Hr candle since March, impressive. At this rate it could just go through the diagonal trendline and down to support at 2500. That would be a 50% retracement from the March bottom, and the same length as the January move.
Will be interesting to see how it goes on Monday's Asian session especially.
Just observations.
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“60 percent of the time, it works every time”
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XCUUSD reversed from resistance, potential drop!
XCUUSD reversed off its resistance at 2.91817 where it could potentially drop further to 2.82579.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
XCUUSD potential reversal!
XCUUSD expected to rise up to 1st resistance at 2.93065 where it could potentially react off and drop down to 1st support at 2.86589.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Copper ! Analysis for next few days.
Possible short from current price. Target is about 8.8200
Every analysi has a limit.
Good Luck.
XCUUSD reversed from resistance, potential drop!
XCUUSD reversed off its resistance at 2.89322 where it could potentially drop further to 2.83404.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
XCUUSD potential reversal!
XCUUSD expected to rise up to 1st resistance at 2.93167 where it could potentially react off and drop down to 1st support at 2.83404.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
