July Seasonal Long Copper HG1!: Seeking Gap & clean highs

16 juil. 2024

-We retraced down to 50% of the 2024 up leg, finding support.
-We neatly found support at the Volume imbalance W and the midpoint of the Fair value gap M, circa 50% of said 2024 up leg.
-July has a strong bullish seasonal tendency.

~The plan would be to take partials (half off) in the gap (FVG- fair value gap) circa 4.75; and move stop-loss up to trailing.
~If this runs up hard & fast, ideal target would be the high time frame clean highs 5.24
~Timestop: End of July marks end of seasonal bull, so depending on the price action context, i'd be inclined to close the trade as we enter into August.
~If this proves bearish and i'm wrong, I would close the entire position if we come any lower than a mere peep below the late June low; stop-loss would be at 4.31

**B-ADJ toggled ON; SET toggled OFF.
**Just an idea for paper trading purposes, not financial advice.

18 juil. 2024

Trade fermée: ordre d’arrêt atteint

stopped out as we broke down below the low.