Cotton - Re-enter long at Kumo support. Watch for HA indications

ICEUSA:CTN2015   Cotton #2
43 1 1
Please note that due to May futures coming expiry, I use July contract on the chart from now.

- Price has reached Kumo. 62,80 - 63,40 area should start to act as support.
- haDelta/SMA3 reached a low print and a cross up may be the first indication that the pull back is coming to an end. We should see a small body or a doji-like candle to get more confirmation about a bullish reversal.
- short term upper key levels is 64,00+. A preice break above that would print the required doji , or if it happens one day later, then a green reversal candle.

A) more agressive traders can already start to accumukate some longs upto 0,5-1 trade unit size in the support zone , maybe buying the first lots at current mkt price. They can add later to longs with a break above 64,00 and a break above Tenkan Sen (64,75) and trail up the stops for all units.

B) conservative strategy is to wait for a HA confirmation signal and buy only firt lot with a sop buy order above 64,00.

Since I have been holding long position for quite some time now and managed to sell as a swing trade idea before, I use strategy A now to re-enter.
no remarkable lower low, today candle body shrinks again -> haDelta/SMA3 cross. Watch if today we have a doji-like candle in close. A bullish reversal is looming here.
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