Dani0

COCOA TO GO 'LONG' for the future

Long
NYMEX:CJ1!   Cocoa Futures
Quick chart for my followers, cocoa to go long, if you have been following my other publishes then you would understand my chart without yellow full details, there may be further downtrend on the bottom yellow line but overall cocoa is on the uptrend as it has hit top yellow line.

Top yellow line at 2051
Bottom yellow line at 1800

Please study your indicators understand some, as they would help you determine a suitable entry point. use lower timeframe views such, Weekly and Daily view for a suitable entry point to go uptrend.

Also, do set stop losses but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders.

All comments and questions welcome, if curious about indicators I use then feel free to inquire.

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