Copper Update

This is the update on the copper post from earlier in the week. I showed that there was a valid long entry because the daily MACD was still crossed up at the time, but I left it for you to decide if I would take it based on my trading method.

Hopefully you would have said no, because even though it was a valid entry, price was too far from the daily kijun sen. Is that what you got? Hopefully you did. If you understand that it was a low probability trade and it was not worth taking because price was too far from the kijun sen, you have made a big breakthrough.

In the U.S. there is an important inflation number coming out to end the week. This is the CPI, so lets see what it does to copper.

Copper 2hr showing a false breakout.

Copper daily price was too far from the kijun sen to take a trade.

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