Copper has been in a very nice ascending channel, but has been struggling to break above the weekly upper limit indicated with red line.
But we have finally broken and closed above it.
We had a daily 8 EMA gap that is being closed. Waiting for confirmed momentum to the upside to build on long term trade in copper.
Disclaimer: I am still testing my strategies. Not all trades Ideas I post will result in live trades. They might be tested on demos accounts.
Please share your Ideas with me and I am always open to positive criticism.
Remember to use risk according to your appetite.
Thanks for Checking out this Idea.
But we have finally broken and closed above it.
We had a daily 8 EMA gap that is being closed. Waiting for confirmed momentum to the upside to build on long term trade in copper.
Disclaimer: I am still testing my strategies. Not all trades Ideas I post will result in live trades. They might be tested on demos accounts.
Please share your Ideas with me and I am always open to positive criticism.
Remember to use risk according to your appetite.
Thanks for Checking out this Idea.
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(All mentions of BCR and SNIPER are credited to Max Norbury of Forex Signals. Check out their awesome site: www.forexsignals.com/?reff=10528...)
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Daily gap closed and retest of 50EMA on 4H busy happening...soon we will be able to take this trade....