Hindcopper 1D timeframe 40 % returns opportunity going long
1.Weekly time frame major support at 50 % fibnocci level
2. Double bottom(DB) at that level in 1D time frame it has been breached V
3. Major trendline was broken
4. If price comes back to give a retracement at golden ratio of fib 1.618
5. We may go long with agressive limit order at 130.5 which would give a 2618 tradding oppurtunity
6. Target may go at retest of highs
7. Stop loss 1 ATR below the DB around 101 and target at highs of 187
8. Risk reward is almost 1:2 with 40 % returns
All the good luck...
2. Double bottom(DB) at that level in 1D time frame it has been breached V
3. Major trendline was broken
4. If price comes back to give a retracement at golden ratio of fib 1.618
5. We may go long with agressive limit order at 130.5 which would give a 2618 tradding oppurtunity
6. Target may go at retest of highs
7. Stop loss 1 ATR below the DB around 101 and target at highs of 187
8. Risk reward is almost 1:2 with 40 % returns
All the good luck...