LME Copper
, 4 hours
long
#Technical
#Bullish
Resistance 1 | 4.000 |
---|---|
Quote Price | 3.97273 |
Support 1 | 3.82243 |
On the 4 hour chart, we can see that we now have a key upward trendline that is defining the current uptrend. In case we get a bigger pullback, this is where we can expect the buyers to step in with a defined risk below the trendline to position into the 4.03 level with a better risk to reward setup. The sellers, on the other hand, will want to see the price breaking lower to increase the bearish bets into the 3.82 level.
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