Long Idea on CC1! (Cocoa)

1 Şub

1)Climate change is having a significant impact on cocoa production in West and Central Africa, according to a study by Wageningen University & Research (WUR). The region accounts for more than 70% of global cocoa production. Changes in temperature and rainfall are making some areas less suitable for cocoa cultivation.

2) Seasonality gives us a bullish pattern which is 98% correlated with the actual price

3)quantitative data shows 80% win rate with a good profit factor

4) The price rejected the 50 EMA forming a Pin Bar Candlestick pattern

5) The price also bounced on a demand zone

6) Price is undervalued against several benchmarks

7 Şub

İşlem kapandı: durdurma seviyesi

stopped out,looking for the next demand area