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Copper at Resistance: A Short Setup in Play

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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.
İşlem aktif
Not
Moves the stop to 4.87 - just below breakeven.
Letting it run, targets are lower.
İşlem elle kapatılmış
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.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.