Cocoa is clearly in a downtrend. Friday's candle is clearly a pin bar. For me it makes sense to go short with a target of 6000 USD. I would enter the trade if we break below the low of Friday's candlestick.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.