Copper is testing a strong long-term upside resistanceÂ
Copper is slightly breaking above the 3.6000 resistance, short-term consolidation. This breakout higher needs to be confirmed for the upside reversal continuation by a break above the long-term falling trend line of 3.6800.
The weekly chart reveals an explicit test of the falling long-term upside resistance line 3.6800 and a slight breakout above it. We need to see a confirmation of this breakout in the coming days and weeks.
JOIN TRADER’S CLASSROOM TO LEARN THE PERFECT ENTRY AND EXIT TIMING IN ALL ASSET CLASSES
On a daily chart, we can see a good RR trade opportunity Already a member? This article is so good, it’s for premium members only.
Does that sound like you?
Go Premium to read full trading strategy with parameters of entry, stop loss, and exit. Why Premium?
We have used the combination of the top-down trading analysis to get these critical levels explained in the charts. Also, you can see Elliott Wave and price action analysis together with the Andrews Pitchfork channel tool. If you want to learn the trading strategy that will give you immediate results in your trading register for Trader’s classroom.
