ChartsEmpire01

COCOA INTRA-DAY CHART OUTLOOK

Short
PEPPERSTONE:COCOA   Cocoa Cash Contract
Scalpers and Day traders should pay attention to the potential bullish trap setup on #COCOA 4HR chart. IMO: A strong daily bar close down would suggest more possible bearish retracement to the lower band of the rising channel.
Comment:
The bulls sustained the daily close

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