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Cocoa: Potential Reversal Opportunity After Recent Drop
Dec 30, 2024 at 10:49
142 Visa
3 Replies
Medlem sedan Dec 29, 2024
8 inlÀgg
Dec 30, 2024 at 10:49
đ Cocoa Market Update đ
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.
Thereâs 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.
đŻ Trade Setup
đŻTake Profit: 11,750
đčStop Loss: 9,525 (placed below the Demand Zone)
â ïž Risk Management
Cocoa is highly volatileâensure youâre using proper risk management and the right lot size for your account.
Stay disciplined and trade wisely! đč
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.
Thereâs 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.
đŻ Trade Setup
đŻTake Profit: 11,750
đčStop Loss: 9,525 (placed below the Demand Zone)
â ïž Risk Management
Cocoa is highly volatileâensure youâre using proper risk management and the right lot size for your account.
Stay disciplined and trade wisely! đč
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.
Bilagor:
Trade smart. Manage risk.
Medlem sedan Dec 17, 2024
32 inlÀgg
Dec 31, 2024 at 06:08
That was a great breakdown. Thanks. Keep posting!
Medlem sedan Dec 02, 2024
75 inlÀgg
Jan 02 at 04:44
Thatâs a great setup. Are you also monitoring the fundamental factors - weather or supply chain disruptions?
Medlem sedan Dec 29, 2024
8 inlÀgg
Jan 05 at 06:02
Thank you so much! I always make sure to stay on top of the fundamentals, especially when it comes to commodities. The opportunity has hit Take Profit 1, and weâve moved the stop loss above entry to lock in profits. I'll be sure to share more detailed insights into fundamental analysis in the next opportunity!
Bilagor:
Trade smart. Manage risk.
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