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Cocoa topping

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Seems cocoa is finding a way lower. On the monthly I see too much pressure building. Path of least resistance is likely to the downside at this point. I prefer to get in a bit early than wait for the pennant to break to the downside (if it does).
Trade aktif
Entry @ 3000
Catatan
Crack. See ya
Catatan
If you're lucky you still might be able to short at 2750. The beauty is your r/r would still be attractive because any break above 2850 would qualify this is a fake out to the downside.

Probability continues to be to the downside on this one. Far lower.

cuplikan
Trading ditutup: target tercapai
Holding short
Lanmar
CocoacocoahersheyHSYKO

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CocoacocoahersheyHSYKO
Lanmar

Pernyataan Penyangkalan

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.