📊 COTTON
⏱ TIME: 1W
📝It is reaching very important areas for spot purchases, and you can make purchases in a gradual and managed manner. It has also been checked for fundamental analysis and is a sustainable and strong project for the future.
⭕️risk: LOW
📍buy market:89 $
📌TP1: 104 $
📌TP2: 116 $
📌TP3: 124 $
📌TP4: 150 $
⛔️SL: 74.5$
Brief explanations of my trading idea:
1️⃣ Sugar is in an upward long-term trend, working only in long is a priority - since March 2020, the price of sugar has already increased by a little more than 100%, by 2024 it will already be about 270%, that is, compared to March 2020 - until 2024 of the year sugar will rise in price almost x3.5 😱
2️⃣ In the first...
EUR/CAD Long
• If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will...
Alongside apple juice, orange juice is one of the most popular juices in Central Europe. It is produced by pressing oranges and mandarins and has a sweet-sour taste. Use of the designation “juice” is defined in the Fruit Juice Regulation. According to this, drinks may only be labelled as juice if they are produced entirely from the juice or flesh of the relevant...
This has been a Years Long trade and Sugar is nearly there at the 88.6% target, but I do think since we spent some time testing the B point as support that it has potential for pushing all the way to the 1.13 Extension to complete a Full ABCD, so I will be opening up another bullish position on the CANE ETF from here and targeting higher levels.
This is my PEPPERSTONE:COFFEE chart. One day I was making some coffee and realized that I am bullish on coffee. It is one of my favorite things. So I pulled up PEPPERSTONE:COFFEE commodity price and was sad to see a bearish divergence and admittedly a bearish chart. Of course I didn't short it because that would've been smart... I found my ideal entry...
Been a while since i shared publicly other commodity calls dont wanna overstock my profile with ideas
that said sugar prices are testing my zone while producing lower lows and candles are getting weaker towards the zone
From around the beginning of November 2022, Cotton futures have been trading in a range, roughly between the 75- and 89-dollar marks. As long as the price remains in that range, we will stay neutral. Only if we see the commodity breaking through one of the sides of that range, only then we will consider the next short-term directional move.
A break through the...
I'm expecting cocoa price to fall to $3313.0 per ounces. Even though a short-term bull fluctuation move is valid for liquidity clearance, but shouldn't go above $3440.5 (forecast invalidation price).
In the last 3 trading days, the strong trend brought up Sugar to challenge the diagonal trend line. Eventually it went down yesterday and therefore it is believed to be an excellent short opportunity. Target max = $25.2
The OJ Daily price action has formed a rising wedge and we are at support again. This time around, there is an ascending triangle inside of the wedge that also corresponds with a minor rising trend line. I'm long and looking for wedge resistance as my target.
Updating earlier idea.
Target hit. Full stop. :)
REMEMBER: Drawing lines on chart means nothig if you do not command and employ sound risk management principles.
Cheers,
Tenacious Tribe - Quantified Trading Strategies
