copper hourly cfd
As shown in the hourly chart of copper, price is moving in a descending red channel. You can see a falling wedge which is also called as a bull wedge in a black color. this bull wedge pattern is one of the powerful pattern. Trade with confidence, go for long after breakout of the price from bull wedge for the tgt of resistance line of the red channel. There is chance that price turn downward after taking resistance from wedge resistance line and kiss supportline again. But keep in mind that after touching the supportline of the wedge price will again turn upward. Best strategy is to enter in position only after breakout from bull wedge. Jay Shriram.
Update first 13/06/18, 06.16 pm ist
crude hourly
Here is the bull wedge breakout on hourly chart. Happened as expected. Enjoy the trade with traling sl. Jay shriram.
Update 3, 11.30 ist 14/06/18
copper hourly
Hope you booked profits using trailing sl method as suggested. Enjoy, Jay Shriram.
