Copper (XCUUSD): How To Trade Against The Trend???

5 בפבר׳ 2020

trading against the trend is a tough thing,
but if it is executed correctly, it feels so good :)

copper is under strong bearish pressure.
during the last two weeks, the market has dropped significantly.

now it is finally trading within a strong area of support and I am looking for a counter-trend trade here.

thought, on a daily the market has perfectly stopped and we see some reversal clues,
I need a confirmation on a lower timeframe to execute a trade.

I will be looking for the completion of the right shoulder of a head and shoulders pattern,
to then buy the breakout of the horizontal neckline.

on the chart, I drew the list of conditions to be met to execute the trade.

The initial target will be 2.595
the second target can be extended to 2.7


Please, like the idea and leave a comment, if such kind of guides help you! thank you