Copper Daily Chart Buying Opportunity

29 thg 8, 2016

I'll be buying Copper based price action nearing a breakout of it's current triangle pattern and uptrend creating a long opportunity. Take profits will be at key support levels.
Good luck and happy trading!

8 thg 11, 2016

Ghi chú

Two Take profits have been triggered

9 thg 11, 2016

Ghi chú

Final profit taken, perfect trade.

24 thg 11, 2016

Ghi chú

So my fundamental rationale for this trade was actually Donald Trump. Trump before he was elected kept talking about "Rebuilding America" and creating Jobs through infrastructure. Copper is an instrumental raw material when it comes to infrastructure. From electrical wire to piping it will be directly involved in Trump's infrastructure plans. Increased demand = higher prices.