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 ist aktiv:
Entry @ 3000
Kommentar:
Crack. See ya
Kommentar:
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.
Probability continues to be to the downside on this one. Far lower.
Trade geschlossen: Ziel wurde erreicht:
Holding short
