Cocoa short at 11,400 for a thousand dollars

There is a potential short entry between the 11,200–11,400 zone, which aligns with a strong supply area causing a break of structure (BOS). This supply zone has shown significant resistance in the past, suggesting it could act as a reversal point.

The target for this short trade is around the 9,600–9,200 level, where buyers are expected to come back.

This setup depends on price reaching the identified supply zone and rejecting it aggressively. Monitor price action for confirmation signals before entering the trade.

if you are a beginner you can follow me and you will see when I enter and exit the trade.

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Enter short now at 11,250

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TP 80% now at 790. We might even re-enter with short again. Stay tuned.

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Sell now at 11,375. Half position. so total size 75%.

İşlem aktif

Update now when price is 12K. The price is close to the resistance at 12,200. So it can climb till there. No action for now and hold position

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Selling more Cocoa at 12,300. Avg 11,800

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Selling more Cocoa. Avg 12,159

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There is too much buying pressure driven by fundamentals. I will hedge now the position at 13,720. Avg 12,159. More update will follow

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Take off hedge. Back short

İşlem kapandı: hedefe ulaştı

Close all short now at 11,840. In total this trde gave 1,100 dollars profit. Enjoy...

zito82

If you want to learn about trading, we have a telegram group. Join us here: t.me/+vT_3XCSL6uI1ZmU8

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.

zito82

If you want to learn about trading, we have a telegram group. Join us here: t.me/+vT_3XCSL6uI1ZmU8