At resistance, worth a short, but I would wait for a line break to enter the position.
After a long downtrend period, Cocoa looks like having built a base in 2017. Entered a long on Friday at 1900. Also crop period is ending so a good time to test a long position.
After a long downtrend period, Cocoa looks like having found a bottom in 2017. Entered a long on Friday at 1900. Also crop season is ending, a good moment to test a long.
Reached resistance area. Looking to enter short position. Use stop loss because demand may still be strong due to winter season and price could reach 3.4-3.5...
Daily inside bars. Short opportunity. Use stop loss because price is also testing ma and could resume the uptrend if rejected.