amanpaulbhogal
Long

Could the price of Cocoa rise?

ICEUSA:CC2!   Cocoa
Taking a long position based on:

- bullish/reversal bar
- support at ~ 3040, a weekly level;
- 200 ema rejection
- Fibonacci cluser:
-- 0.382 Fibonacci level rejection and close above on weekly time frame
-- 50% retracement and close above (2nd swing low to recent high)

entry - above high of reversal bar
stop loss - below low of reversal bar
target - at/above previous high

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