I believe that based on my analysis, Coffee will start to rise. The rise begins with a rise from the W1 ATR axis. After leaving the ATR axis, the exchange rate can build a rising wave structure on the wave axis (green line). The size and size of the wave structure may be similar to the size of the wave crossing the wave axis previously. The rising target price is...
I've been stalking coffee in the background from many weeks. It's looking pretty ripe about now for taking a controlled loss (aka stop-loss). When coffee moves, it really moves. This is a longer time frame trade, which I do not usually get involved in - but it's probably time for me to get involved in one or two of these.
Wait for confirmation of resistance from the upper trend line before the price heads down again.
This is supported by the high RSI level.
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After such a dramatic rise in a down trend the price is due for a correction downwards.
Also the RSI was very high as well so that supports this prediction.
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The chart shows coffee in a weekly chart over a very long period of time. At the very least, you can see very clearly how important it is to draw support and resistances and trend lines. You can clearly see the trend line that has already been successfully tested more than 3 times. However, there is also an opposite trend line which limits the coffee price into an...
COFFEE, short-term corrective phase started, which should not interrupt
the medium to long-term trend.
In the next session, a small retrace to zone 137.70 and then start to 142.15
X4-TS - V. 2.9.1 - COFFEE KCU17 - Sep '17
LONG from 29/06/17 from 125.32
Flat Under 129.92
SHORT Under 127.56
Stop SHORT that close daily> 127.09
CROC X1 - Supports /...
COFFEE, incoming weakness
Coffee, it must have to download a bit of over-bought before go back
I see a bit of weakness in the upcoming sessions that should bring him down
to test the support S3 at 136.15
COFFEE KCU17 - Sep '17
CROC X1 - Supports / Resistances - Multiday (TF - 1H)
R3 = 140.75
R2 = 139.80
R1 = 139.60
PIVOT = 138.65
S1 = 137.70
S2 = 137.50
S3 =...
COFFEE came close to target (139.80)
In the last session we reached 138.90
very close to the medium-long term target I had given
Could this be a relative maximum?
We will see it in the next session
If it loses S3 = 136.15 it means it was the relative maximum
and it is advisable to close all positions because they will most likely follow
a downward turn to zone...
COFFEE, always long on medium-long term
The daily candle of yesterday, due to the news
of damages to brazilian cultivation, gave a new impetus
to the medium to long-term trend with target in zone 140,
i said a few weeks ago, 139.80 for accuracy
COFFEE KCU17 - Sep '17
LONG from 06/29/2017
from 125,32
Flat Under 126.67
COFFEE KCU17 - Sep '17
CROC X1 -...
COFFEE, always long in the medium to long term
COFFEE, always long in the medium to long term, projected ,in my opinion,
in zone 140 as I wrote a few weeks ago;
139.8 for precision.
COFFEE KCU17 - Sep '17 136.55
LONG from 29/06/17 from 125.32
Flat Under 126.09
SHORT Under 123.80
Stop SHORT if close daily> 123.34
COFFEE KCU17 - Sep '17
CROC X1 - Supports /...
COFFEE came to pull back the median straight line right of the bullish channel.
The CM_Laguerre indicator is now a bit hot, and indicates a possible top of the period.
So I expect a slight downhill to go testing the lower part of the bullish multiday channel
then, in case of a successful test, itcan continue to the target in zone 142
COFFEE KCU17 - Sep '17
...
I see a Long movement continuum hammer in the last session on the coffee ..
Let see if Monday will be able to break zone 130/132 zone, a dense resistance zone
COFFEE KCU17 - Sep '17
In the medium term it is
LONG from 06/29/2017
from 125,32
Flat Under 124.71
CROC X1 - Supports / Resistances - Multiday (TF - 1H)
R3 = 132
R2 = 130.90
R1 = 129.40
PIVOT = 127.00
S1 = 124.60
Started on the 29/6 the mid-long period LONG with target around 140
COFFEE KCU17 - Sep '17
LONG from 29/06/2017
From 125.32
Flat Under 124,86 (stop loss)
SHORT Under 122.60
Stop SHORT that close daily> 122.15
COFFEE KCU17 - Sep '17
CROC X1 - Supports / Resistance - Multiday (TF - 1H)
R3 = 133.4
R2 = 132.00
R1 = 130.90
PIVOT = 130.15
S1 = 129.40
S2 = 124.60
Looking to trade coffee long with stops under previous cycle low for conservative risk. Target upper TL , allow for fluctuations of price with an accommodative stop management in order to achieve the desired target.
Coffee is already almost hitting the trendline formed on the Daily chart.
It broke the 4-hourly trendline some days ago so a bit of extra caution is needed; however, the Risk-Reward-Ratio looks quite promising.
Watch for the opening of the next 4H chart!
