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Kumowizard
May 4, 2015 1:36 PM

Cotton - Swing down after bullish Price tgt reached at 68 Short

Description

- Ichimoku setup is bullish until Price trades above Kumo. Kumo bottom and bullish trendline stay together now --> high importance.
- After reaching our swing long price tgt at 68, Cotton prints a Heikin Ashi reversal candle. From now price will likely fall again towards bullish support. 63,70-64,00 is the level to watch for new bullish entry signals.
- If someone likes to trade swings, 0,5 trade unit short position is fine with a stop ard 67,30

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