Cocoa: Potential Reversal Opportunity After Recent Drop
Dec 30, 2024 at 10:49
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2 Replies
Tham gia từ Dec 29, 2024
1bài viết
Dec 30, 2024 at 10:49
📊 Cocoa Market Update 📈
After catching the recent significant drop on Cocoa, we might now have a promising opportunity to trade in the opposite direction.
The price has entered the Demand Zone, collected liquidity, and is showing a sharp increase right from the market opening.
RSI is recovering strongly from oversold levels, indicating a potential bullish reversal.
There’s a gap between 11,750 and 11,100, which could be filled with an upward move. This is where we are targeting our Take Profit.
🎯 Trade Setup
🎯Take Profit: 11,750
🔹Stop Loss: 9,525 (placed below the Demand Zone)
⚠️ Risk Management
Cocoa is highly volatile—ensure you’re using proper risk management and the right lot size for your account.
Stay disciplined and trade wisely! 💹
Risk Disclosure
Trading involves significant risk and can result in substantial losses. The signals provided are for informational purposes only and do not constitute financial advice. Past performance is not indicative of future results. You should carefully consider your financial situation and risk tolerance before acting on any signals. By using these signals, you accept full responsibility for your trading decisions.
After catching the recent significant drop on Cocoa, we might now have a promising opportunity to trade in the opposite direction.
The price has entered the Demand Zone, collected liquidity, and is showing a sharp increase right from the market opening.
RSI is recovering strongly from oversold levels, indicating a potential bullish reversal.
There’s a gap between 11,750 and 11,100, which could be filled with an upward move. This is where we are targeting our Take Profit.
🎯 Trade Setup
🎯Take Profit: 11,750
🔹Stop Loss: 9,525 (placed below the Demand Zone)
⚠️ Risk Management
Cocoa is highly volatile—ensure you’re using proper risk management and the right lot size for your account.
Stay disciplined and trade wisely! 💹
Risk Disclosure
Trading involves significant risk and can result in substantial losses. The signals provided are for informational purposes only and do not constitute financial advice. Past performance is not indicative of future results. You should carefully consider your financial situation and risk tolerance before acting on any signals. By using these signals, you accept full responsibility for your trading decisions.
Đính kèm:
Trade smart. Manage risk.
Tham gia từ Dec 17, 2024
27bài viết
Dec 31, 2024 at 06:08
That was a great breakdown. Thanks. Keep posting!
Tham gia từ Dec 02, 2024
44bài viết
Jan 02 at 04:44
That’s a great setup. Are you also monitoring the fundamental factors - weather or supply chain disruptions?
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