Hi Traders,
Copper (HG) Double Top Setup In-Play, this is a very simple play due to the fact that we are still in a down trend and the lower high at 3.5640. We can see price tapped this price twice and then proceeded to fall. This surely shows that right now the bulls aren’t strong enough to push price.
We then see that a double top has formed and this has pushed price to break the neckline at 3.4750 and now we are currently retesting. I am currently short on the commodity and I would like to see bearish candles form in order for me to add more positions to my investment.
My target is the lows of 3.2740 where I will close my trade.
Be safe out there.
Renaldo Philander
Copper (HG) Double Top Setup In-Play, this is a very simple play due to the fact that we are still in a down trend and the lower high at 3.5640. We can see price tapped this price twice and then proceeded to fall. This surely shows that right now the bulls aren’t strong enough to push price.
We then see that a double top has formed and this has pushed price to break the neckline at 3.4750 and now we are currently retesting. I am currently short on the commodity and I would like to see bearish candles form in order for me to add more positions to my investment.
My target is the lows of 3.2740 where I will close my trade.
Be safe out there.
Renaldo Philander
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.