Looking at JO the recent strength in looks super bullish . Eventhough im proposing the alternate idea of a double top , I still think the bullish trend is intact. However, i can't help but to think about the downside risk. I believe coffee             needs to consolidate, either though price ( a sell off) or through time (sideways movement.) I don't feel comfortable going either long or short. The risk- reward does not look appealing. Even if we retrace to the 0.618 level, the chart would still be bullish long-term and it would present a better risk to reward ratio. Although a breakout entry above 42.00 does look like an aggressive and tempting opportunity. I'm staying away from this trade. There are better opportunities out there. Just interesting to ponder which way its gonna play??
Ton of resistance coming up soon and 200 SMA looms overhead around $44.25
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out