Cotton ShortReason for trade:
Trading in LH and LL formation
Below MA 33
At first support level braking this will lead to 62.50
Stop loss: 65.84
EP: 64.83
TP: 62.50
Cotton 29mm Futures
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Cotton Futures Reversal (MCX)The commodity has broken out long back and retested now, therefore may undergo a reversal rally. Trade is supported by Supports Nearby.
Risk Reward Ratio - 1.5:1
SL is placed below the support zone & the lower trendline. The target is placed near resistance.
Cotton Futures 10/22/20Season End, Crop Prices are dropping. BE READY for the fall!! If you have any questions or concerns please reach out!!
Carmen Hendrix
MCX COTTON BRAKING OUT TRADECOTTON BRAKE OUT FROM THE LONG TERM RESISTANCE. SOME WHAT SIMILAR TO THE INVERTED HEAD AND SHOULDER.
LET SEE HOW IT DEVELOPS.
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Displays a symbol's price movements over previous years to identify recurring trends.