Seasonally Cocoa is bearish leading in to October. It has taken the Sep High and look like MMSM to take the Sep Low and fill the Fair Value Gap (FVG)
Considering Seasonal, Q4 USD is strong and CHF is weak. Pair was in consolidation for long time and started manipulation by taking the Sell stop out of that consolidation and now considering we are in Q4 has just started the Distribution cycle. We are currently in Discount and the reference point is Bullish Monthly OB
Poised to take the BSL and complete the Buy side curve of the MMSM. We can enter in to the market shorting the pair after the pair have broken the 13 October Order Block, which will become Breaker and price will return for mitigation.