Back at a strong demand level on 
HG1! (Copper futures). The key invalidation is a 4-hour close below 3.92, so I'll be watching closely to manually close.
I'm looking for a potential bounce from here, and if the weekly candle closes bullish, I may consider this a reversal setup. The confluence between the weekly support and the current demand zone gives me confidence to take the trade.
If the move fails, my next level to watch is 3.7 for another potential entry.
Let’s see ifHG1! behaves this time.
HG1! (Copper futures). The key invalidation is a 4-hour close below 3.92, so I'll be watching closely to manually close. I'm looking for a potential bounce from here, and if the weekly candle closes bullish, I may consider this a reversal setup. The confluence between the weekly support and the current demand zone gives me confidence to take the trade.
If the move fails, my next level to watch is 3.7 for another potential entry.
Let’s see if
HG1! behaves this time.Trade active
Holding the level so far. Needs time so I expect little action this week. HG1!Note
Finally some positive price action. Reclaims 4.3 and it should be safe!
HG1!Note
Still waiting on the reclaim above $4.3Moving stops to BE
HG1!Note
Almost at target 1, HG1! Note
Taking some off here. Its at a pivotal areaNote
Hit the first target. Waiting on second TP at $5.2 HG1!Note
Once it reclaims 4.8, should aim for last TP HG1!Trade closed: target reached
Second TP. Great move! HG1!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.