Copper is showing signs of a potential short-term reversal after a strong upward rally. The price action has faced resistance around 895, which is marked with a red candle and a small rejection wick (highlighted with the blue arrow).
This region could act as a supply zone, where sellers are stepping in. A short position has been initiated here with:
Stop-loss: Slightly above the recent high (~898)
Entry: Near 894.85
Target zone: Around 891.60 (as indicated by the green box)
The risk-to-reward ratio appears favorable if the price fails to sustain above 895. A breakdown below the immediate support may confirm short-term bearish momentum.
📉 Bias: Bearish below 895
🧠 Suggestion: Wait for confirmation or tight SL if taking a counter-trade position
This region could act as a supply zone, where sellers are stepping in. A short position has been initiated here with:
Stop-loss: Slightly above the recent high (~898)
Entry: Near 894.85
Target zone: Around 891.60 (as indicated by the green box)
The risk-to-reward ratio appears favorable if the price fails to sustain above 895. A breakdown below the immediate support may confirm short-term bearish momentum.
📉 Bias: Bearish below 895
🧠 Suggestion: Wait for confirmation or tight SL if taking a counter-trade position
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Get BTST Toolkit:
Contact below to get access ⬇️
✅Whatsapp: wa.me/919084286797
✅ Telegram: t.me/breakoutinvesting
⭐ Custom Indicator
⭐ BTST Calls
⭐ FNO Trades
⭐ Algo Trading
Contact below to get access ⬇️
✅Whatsapp: wa.me/919084286797
✅ Telegram: t.me/breakoutinvesting
⭐ Custom Indicator
⭐ BTST Calls
⭐ FNO Trades
⭐ Algo Trading
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.