Price Action Trade forecast in Copper on 18th July
As we can clearly see that copper is arrived at channel resistance and last two days price is struggling here. Price tried to break the resistance but closed down.
This is a high probability situation for copper to travel downside. Also we got a standard bearish pin bar at channel resistance.
Using money management rule and keeping stop loss as high of bearish pin bar , we can trade in copper.
Price Action Trade Forecast for lead on 18th July
It is seen that Lead has been arrived at resistance .According to trend level signal method we don’t enter in correction.
But Lead is at multiple resistance area and also we found a price rejection at this resistance.
Overall we can trade in Lead keeping the stop loss as high of the bearish candle.
Price Action Trade Forecast for Gold
Gold is in aggressive uptrend as seen in the daily and weekly charts. Now gold is in correction from last few days. There was a bullish pin bar formed few days back ,but it did not worked.
Now if you see in daily chart there is a inside bar bar formation. But one has to enter in buy position only when high of the mother bar will break. Till we have to wait and watch what price is doing.
If it does not break high of mother bar then we will expect gold to again retrace up to 1300 area because this is the key are where we can find any bullish rejection or buying signals.
Trade well.