Current provider snapshot
Separate from the author's published editorial outlook.
Copper
Unavailable: Market-data quotes are intentionally disabled for launch. Informational use only.
Source: disabledAsset: Copper (COPPER)
Bias: Bearish
Timeframe: 4H
Price: 6.3604 · VWAP 6.4015 · 9 EMA 6.4352
Chart read
Copper broke down from the 6.518 top to a 6.328 low. Price is below VWAP and the falling 9 EMA, with lower highs on every bounce.
Trade idea
- Order: Sell limit 6.4750
- POI zone (order block + Fibonacci): 6.4741 – 6.4775
- Stop loss: 6.5220
- TP1: 6.3809
- TP2: 6.3252
- TP3: 6.2898
- Risk: 0.047
- Risk/reward: 1 : 3.9
Why this POI
- Bearish OB: the last green 4H candle before the drop, 6.4741 – 6.5026
- Fib 78.6% at 6.4775 is inside the OB
- Stop above the 6.518 double top
Plan B
No retrace? Sell a rejection of R2 at 6.415 toward 6.3252
Rules for this idea
- Limit orders only: if price never reaches the POI, there is no trade.
- Wait for the 8:30 AM data and the 9:30 AM cash open before placing the order.
- Risk no more than 1% on the idea; take partial profit at TP1 and move the stop to breakeven.
Primary risk factor
U.S. dollar direction and Chinese demand data.
Educational analysis, not financial advice. Trade at your own risk.
What could change the outlook
- U.S. dollar direction and Chinese demand data.
