TheBadPanda

Cotton setting up?

Long
FOREXCOM:COTTON   COTTON NO 2 CFD
Whats up tradingview commnity? Last time we talked about cotton I mentioned that I would be looking for a buy if we got below 84. And well we did...was kinda scary wasn't it? Shot down there like it was gonna reverse or something (still could ;) But like I mentioned in the previous post on cotton, in an environment where it should be going lower, its holding onto its rage. So I'm positioning for a long higher. While its still to early to see if it will be a big sustained break out, I do think we will pop up into 87 from where we are now. If we keep going, awesome hold it and ride it while its hot! if not, it's still a nice little trade. So once again, the 84 figure is where I'm looking for an reaction. Lets see how it goes!

What's your opinion? Are you as bullish also? And if you're not, that's cool, just share your ideas and let's learn together!

Peace, love, and sweet bamboo,
tbp

Note: All ideas expressed here are presented solely for learning and educational purposes only. Any gains or losses assumed by trading ideas presented by The Bad Panda are done so at your own risk.

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