Yesterday I posted an idea about cotton(short lower 92) and it goes down 3,5% .Reason for short have 3 main things : 1.Key level 92$ from D1 timeframe. 2.Instrument closed close to our level. 3.Clean area below our level. With risk 20 cents it gave us 3 dollars profit. Personally, I did not go into this tool becouse my login model was not there. The main task is to determine the direction of movement,and we did it :)
@Hariisahmed, Thanks for your qurstion.Right now I will recomend to wait with any trade.We have 2 key level - support on 96,71 and resistance level on 99,84.In last 5 days we rise 12 % so we need some more energy for next bull trend.I will buy cotton higher 99,84 only if we will close today near 99,84.(ATR is very important)I am cheking on that instrument ,so follow my page for next idea :)