Bullish breakout setup on the Daily chart for Copper.Price has been consolidating and failed to follow through on the last bearish setup, so the likelihood of it going bullish is larger. MTF support (Red cross) was formed on the most recent leg upwards, which is also a good sign, and we’re currently at MTF resistance. If this breaks look to enter long at the breakout of 2.83465. Use the green dots to trail as stoploss.
The next MTF level on the daily chart is at 3.15933, and thats where I’m looking to exit, but as always, trail the stop as the trade develops and watch for overextension signals to possibly tighten the stop,
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The next MTF level on the daily chart is at 3.15933, and thats where I’m looking to exit, but as always, trail the stop as the trade develops and watch for overextension signals to possibly tighten the stop,
If you find this useful, please like and subscribe to get notified of updates and new ideas!
If you want to tryout the indicators and strategy, follow me and drop a comment or pm and I’ll get you set up.
Stay calm, and happy trading!