The aforementioned Asset Re: Copper displays a possible bearish intraday set-up. All things considered (Methodology, + Risk strategy), should this set-up become validated, this trader will revert to correlated assets i.e., XAUUSD and co-correlated assets of XAUUSD i.e., XAGUSD, AUDUSD, NZDUSD, EURUSD and GBPUSD, for similar set-ups and entries within the annotated and technical direction.
Ps: Not intended as a form of financial advice, but merely reflects the opinions of a retail speculator.
Ps: Not intended as a form of financial advice, but merely reflects the opinions of a retail speculator.
Commento:
Trade did not present a valid entry criteria. However, following the law of Price Disparity, the correlated basket was observed for possible same side set-up which resulted in valid entries in NZDUSD and XAUUSD. As seen below and as per previously aforementioned.
