Copper has reached a strong resistance level on the daily chart.
The uptrend is fading, and visually, all signs point to a correction.
On the hourly chart, a good short entry point is shaping up.
However, the stop needs to be set quite high — 2%. So the position size should be adjusted accordingly — kept small.
The uptrend is fading, and visually, all signs point to a correction.
On the hourly chart, a good short entry point is shaping up.
However, the stop needs to be set quite high — 2%. So the position size should be adjusted accordingly — kept small.
Trade ativo
Nota
Moves the stop to 4.87 - just below breakeven.Letting it run, targets are lower.
Trade fechado manualmente
Decided to close the position here.Current profit: +1.80%. That's a pretty solid drop for just one day.
Also, I don’t hold short positions over the weekend!
If needed, I’ll reopen the position next week.
Aviso legal
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Aviso legal
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.