COCOA LONG TO 8,500
Updated
There’s a potential buying opportunity in cocoa, as it has broken structure on the 4-hour chart and price retested the area. Buying pressure is visible. In considerration of all this factors, I am entering long at 7,900. This is intended as a swing trade and may last a few days. Favorable swap rates make this position profitable over time, and I recommend a small position size.
The target is set at 8,500. Follow me for updates on this idea.
The target is set at 8,500. Follow me for updates on this idea.
Trade active
Entered long at 7,900Trade closed: target reached
Take 80% of profit now at 8,350. Final at 8,500
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