ZenScape

COTTON // rangebound martket

ICEUS:CT1!   Cotton No. 2 Futures
The market made a nice impulse up on the daily, and the correction of this long impulse brought the market into a range.

A break from this range may take the price higher into correction or deeper in the direction of the primary trend, but I would take profit on the short trades at the start of the daily corrective impulse, and wait for a countertrend to target the fibo target zones and the weekly north breakout.


Trade safe! ⚪️⚫️


--------------------------------------------------------------------------------

ANYWAY, a lot of Qs about the direction of the price. But it doesn't matter.
WE JUST REACT!


Remember that trading is a business.
SIZE your TRADES according to your risk aversion!

----------------------------------------------------------

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.