CTNUSD trade ideas
Cotton ScalpPrice momentum divergence on the intraday chart, suggesting a correction to Cotton.
Target is supporting trendline. Stop is 1 tick above the recent high. Risk Reward is 1.8 :)
COTTON BUYCotton has been bouncing off support since July and I have been waiting for a breakout to buy.
COTTON is in accumulation phaseCOTTON is in accumulation phase
in the short term it should break the congestion area (68-69.5)
and climb to test the pullback line in the area (70.5-71)
You can enter long if close an hourly candle over 69.328 cents
bringing over only in the case that in the day exceeds 69.78 cents
otherwise close and try again the next day
XiNiaN 4 - Trading System - V. 2.9.1 - Medium/Long Term Period - (Time Frame: 1 H)
COTTON CTZ17 - Dec '17 68.450
FLAT since 12/09/17 to 70.321
LONG Above 69.328 Stop LONG se close daily <69.78
SHORT Under 67.504 Stop SHORT if close daily> 67.05
Cotton - Cushioned Fall Cotton has been falling for the past few months. Signs of consolidation and lost of steam has begun. Before we go into the charts, a brief summary of what we see empirically - Prices tend to bottom out around August. Immediate low presents a strong support due to historical hits and fib hits.
RSI and MACD has indicated buy signals. Confirmation upon;
1. Positive engulfing, breaking up from the consolidation (0.695).
Trade details
SL: yellow region below current price indicates strong resistance;
Partial profit: short term at boarder of green rectangle. Fib retracement levels coinciding with previous lows
Duration: 3 months at least
Best Trades^^
Cotton Short SetupThis is a very ideal setup that i always take. We see a pullback then a reaction from one of the range level closings below the 10EMA, it simply is telling us the sellers are going to push this back down again! good luck!
COTTON, entry long started
COTTON - ADX / ADM - TS V. 2.8.4 - Intraday levels for 08/08/17
ADM - Average Daily Movement - Intraday Levels
Close to close candle ... if exceeded the indicated level
on the contract CTZ17 Contract - Dec '17
LONG if> 70,796
TP1 = 71,294
TP2 = 71,847
TP3 = 72,953
SL = 70,304
SHORT if <70,304
TP1 = 69,806
TP2 = 69,253
TP3 = 68,147
SL = 70,796
COTTON, entry long startedCOTTON, entry long started
COTTON - ADX / ADM - TS V. 2.8.4 - Intraday levels for 08/08/17
ADM - Average Daily Movement - Intraday Levels
Close to close candle ... if exceeded the indicated level
on the contract CTZ17 Contract - Dec '17
LONG if> 70,796
TP1 = 71,294
TP2 = 71,847
TP3 = 72,953
SL = 70,304
SHORT if <70,304
TP1 = 69,806
TP2 = 69,253
TP3 = 68,147
SL = 70,796
Cotton Summer BUY ! 1.2 RRLooks like it has reached its bottom and reversal has just started. lets aim for Fibo retracement as target number 1
Short opportunity for Cotton on Weekly Chart.It looks like cotton is going to take yet another dive. Not sure how far this can go though before hitting negative territory.
Looking to get long with cottonlet's see what happens next, the recent sold off seems quite overreacted imo from a technical perspective.
COTTON Weekly Chart Low risk LONG Good support in the 77's on multiple time frames just tested middle bollie on the Weekly
COTTON (COTUSD)After a thorough analysis, numerous bat patterns were discovered in the historic data of cotton. It is anticipated that a bearish bat pattern is about to complete, currently in the CD leg. The entry point is expected to occur at 0.7740. Stop loss is 0.7793, 113% extension of XA. Profit targets will be at 0.7581 and 0.7484 which are the 38.2% and 61.8% retracements of AD.
