LEONES
Short

COFFEE bear

ICEUSA:KCH2015   Coffee
237 37 7
Coffee             started the bear trend in Dec2014. The current reaction offers an opportunity to enter short and capture the next wave down. The hourly chart clearly identifies an M-top pattern. Short at M base and target 160.0. Monitor momentum at breakout.

Related Ideas

Would you go long here for a short time?
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LEONES docwesley90
hi, no I'll wait for another pattern to re-sell - trend is bear
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LEONES docwesley90
now, for a long time
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LEONES, you still bear in COFFEE..?

i went LONG at 160-163 and planing to hold atleast untill 180 againg... whats your view.. on that..?

also please advise what is your downside target if the 160 - 159 support is breached..? i was thing of 148 - 146 as the next support...
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SenthilKumar SenthilKumar
any advice?
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GenjiBalaji SenthilKumar
Go long
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LEONES SenthilKumar
I'm out for the moment - but waiting to short it. It's just moving in a range
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LEONES SenthilKumar
counter trend not for me
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i exitited my longs when it went up to 165, i will wait for break below 159 to go short or break above 167 to go long... lets see...

Thanks
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LEONES SenthilKumar
good move
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