Looking for down on COPPER Friday
I'm looking for copper to retract at least part of Thursday's upmove for the following reasons:
1. DXY (Dollar Index) delivered an inefficiency yesterday and looks to be turning higher to go redeliver some 1hr - 4hr inefficiencies higher.
2. Copper delivered a weekly inefficiency yesterday and traded above previous day's high in the Asian session, which is a liquidity signature.
3. Now, Copper just broke the low that took us to the high above PDH, so I'm looking for a downmove on copper.
ICT
1. DXY (Dollar Index) delivered an inefficiency yesterday and looks to be turning higher to go redeliver some 1hr - 4hr inefficiencies higher.
2. Copper delivered a weekly inefficiency yesterday and traded above previous day's high in the Asian session, which is a liquidity signature.
3. Now, Copper just broke the low that took us to the high above PDH, so I'm looking for a downmove on copper.
ICT
Trade fermée manuellement
NopeTrade fermée manuellement
I was a little too ambitious and impatient with this analysis. I suppose copper is still drawing higher to the next weekly inefficiency.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.