Copper is showing signs of a potential short-term reversal after a strong upward rally. The price action has faced resistance around 895, which is marked with a red candle and a small rejection wick (highlighted with the blue arrow).
This region could act as a supply zone, where sellers are stepping in. A short position has been initiated here with:
Stop-loss: Slightly above the recent high (~898)
Entry: Near 894.85
Target zone: Around 891.60 (as indicated by the green box)
The risk-to-reward ratio appears favorable if the price fails to sustain above 895. A breakdown below the immediate support may confirm short-term bearish momentum.
📉 Bias: Bearish below 895
🧠 Suggestion: Wait for confirmation or tight SL if taking a counter-trade position
This region could act as a supply zone, where sellers are stepping in. A short position has been initiated here with:
Stop-loss: Slightly above the recent high (~898)
Entry: Near 894.85
Target zone: Around 891.60 (as indicated by the green box)
The risk-to-reward ratio appears favorable if the price fails to sustain above 895. A breakdown below the immediate support may confirm short-term bearish momentum.
📉 Bias: Bearish below 895
🧠 Suggestion: Wait for confirmation or tight SL if taking a counter-trade position
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Get BTST Toolkit:
Contact below to get access ⬇️
✅Whatsapp: wa.me/919084286797
✅ Telegram: t.me/breakoutinvesting
⭐ Custom Indicator
⭐ BTST Calls
⭐ FNO Trades
⭐ Algo Trading
Contact below to get access ⬇️
✅Whatsapp: wa.me/919084286797
✅ Telegram: t.me/breakoutinvesting
⭐ Custom Indicator
⭐ BTST Calls
⭐ FNO Trades
⭐ Algo Trading
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.