FullTimeTrader
Long

COFFEE-deep pullback offers a great R/R opportunity

ICEUSA:KC1!   Coffee
459 5 8
Hello, according to previous analysis we have a big shark on W1 chart:
COFFE-big bullish shark


Price reacted nice to that level and the first impulse leg appeared to be finished.
Price made a deep pullback for wave 2 and now is ready to start a rally. I like this setup because the risk is very low compared with the potential reward.

We have also:
- Trendline support
- 1.61 fib extension.
SL and targets shown on chart.
A good opportunity with low risk.
Happy weekend.
Short USDBRL

I could not agree more,I 've already set up at 117 this time ,and I think there's a great relativity between the rally of COFFEE and the fallen of USDBRL
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Hello, thanks for comments. My bias is also short on USDBRL. Regards.
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Looks very good.
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FullTimeTrader IvanLabrie
The weather also could help, the impact of el nino is just starting.
http://edition.cnn.com/2015/08/13/weather/el-nino-2015/
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bobwff33 FullTimeTrader
Thanks for sharing the lweather analysis.I was just being curious that a strong typhoon just went across east of China,which is very uncommon in late Oct.
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