copper long trade plan (mcx)
copper on 1 hour chart made a textbook head and shoulder pattern and the head was exactly at pin point rejection with resistance zone of 756-762 lvl
after completing the HnS pattern price made pullback , which was exactly rested on fib lvl of 0.5-0.6 in between which projected the price towards down side of 716.50
also there is one trend-zone coming from higher time frame acting as support
with this two confluence we can initiate long side trade
after completing the HnS pattern price made pullback , which was exactly rested on fib lvl of 0.5-0.6 in between which projected the price towards down side of 716.50
also there is one trend-zone coming from higher time frame acting as support
with this two confluence we can initiate long side trade
註釋
we were expecting another restest as marked in chart but price went and currently at resistance on medium time frame
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