againstthegrain
Long

KC N5 – Coffee, short-term retracement

For a better risk/reward, I would wait for confirmation above 149. Alternatively, longs at this point with tight stops would do the job as well.
LEONES PRO
2 years ago
hi , did you change you point of view now?
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againstthegrain
2 years ago
Not entirely although I must say I have decided to unwind most of my longs 5 sessions ago when prices broke below the 22-days moving average. I am still keeping 20% of my original position with stops at 131.8.

Longs below 149 are risky, but my opinion is that this market would truly invalidate if/when below 132.0
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LEONES PRO againstthegrain
2 years ago
Agree 132.0 is an interesting point, eventually to enter short
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