Copper Sell Off

22 באפר׳ 2019

XCUUSD

Feeling a short opportunity for XCU this week. Currently we have ended last week below the ascending trendline and broke out of consolidative wedge forcing us to go below. I will stick pending orders just below the trendline that has broken in anticipation for a retest of that break to then go back down. I have set 3 take profit target levels for positions to mature. 1 in the middle which looks like a good S&D level. The bottom of the Yellow Macro S&D level. and bottom at our 61.8 FIB retracement to potentially end that sell off to then wait and see what happens at a future date.