I don't know about you but I prefer Arabica Coffee to Robusta. It's sweeter, it's fuller and it's not that bitter. Anyways, I sent out this trade idea in September 2021! The price broke above the Falling Wedge and there were strong signs of upside. This trade idea was a slow pace and anyone who held onto this trade, most likely would have made very little...
Robusta second Daily chart coffee may break a resistance at $1550 and rise towards $1700 per Ton next quarter, as suggested by its wave pattern and a Fibonacci ratio analysis.
ROBUSTA COFFEE FUTURES MAY 2022 (RCK2022) Long term strategy with D1 Sell at entry 2167, and waiting for resistance 2206-2231 Stoploss: 2288 Take profit" 2062
See, how elliott shows us the way! This is a clear, 5th wave truncation, a Flat, 3rd wave targets on bulls eye, 4th wave retracement at %50 level. Such a text book wave applied here.
Robusta Coffee Futures (ICE EU: RC) Trade : Buy Entry : 1369 Target : 1995 (626, +45.73%) Stop : 1290 (-79, -5.77%) Posted on Sunday, December 27, 2020 Note : Coffee prices are likely to rise. The price flow is very stable. It seems that someone is managing the price well. If my prediction is right, resistances (targets) could be 1627 and 2007. Support could be...
I was stopped out on that last attempt but the technical picture is getting stronger! I have re-entered. note: this is end of day data, that's why the profit/loss tool is in the particular place it is. Current price as I post this. This is a scalp, a little less than 2:1 RR I will most likely be out by that 50% Fib, my fav location. Quick to break even, quick...
I have been discussing this for over a month, the long anyways....price is starting to hit resistance. I think it will break but should retrace before doing so. This is my trade idea. Tried some ghost price action...ominous.
Short bias included with the lovely world of seasonality. Enjoy the trade guys and gals. This is definitely a 2-4 month trade. Put on a spread for minor span margin costs. May need to have the proper broker for this.