Cocoa short at 11,400 for a thousand dollars
There is a potential short entry between the 11,200–11,400 zone, which aligns with a strong supply area causing a break of structure (BOS). This supply zone has shown significant resistance in the past, suggesting it could act as a reversal point.
The target for this short trade is around the 9,600–9,200 level, where buyers are expected to come back.
This setup depends on price reaching the identified supply zone and rejecting it aggressively. Monitor price action for confirmation signals before entering the trade.
if you are a beginner you can follow me and you will see when I enter and exit the trade.
The target for this short trade is around the 9,600–9,200 level, where buyers are expected to come back.
This setup depends on price reaching the identified supply zone and rejecting it aggressively. Monitor price action for confirmation signals before entering the trade.
if you are a beginner you can follow me and you will see when I enter and exit the trade.
Note
Enter short now at 11,250Note
TP 80% now at 790. We might even re-enter with short again. Stay tuned.Note
Sell now at 11,375. Half position. so total size 75%.Trade active
Update now when price is 12K. The price is close to the resistance at 12,200. So it can climb till there. No action for now and hold positionNote
Selling more Cocoa at 12,300. Avg 11,800Note
Selling more Cocoa. Avg 12,159Note
There is too much buying pressure driven by fundamentals. I will hedge now the position at 13,720. Avg 12,159. More update will followNote
Take off hedge. Back shortTrade closed: target reached
Close all short now at 11,840. In total this trde gave 1,100 dollars profit. Enjoy...
If you want to learn about trading, we have a telegram group. Join us here: t.me/+vT_3XCSL6uI1ZmU8
If you want to learn about trading, we have a telegram group. Join us here: t.me/+vT_3XCSL6uI1ZmU8
Disclaimer
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.