Cotton Futures Short setup starting to show
Corrective 1h ascending channel PA into top reversal zone will tell me there is a high probability for a reversal to occur soon.
We could also see a blow off top through the zone followed by a bearish engulfing 4h/daily which will then see a short move start.
Medium term hold trade.
Depending on the entry candle a 70c stop would see profit targets of 5.7R to TP area 1 and 11.2R to TP area 2 and 15.3R to TP area 3
We could also see a blow off top through the zone followed by a bearish engulfing 4h/daily which will then see a short move start.
Medium term hold trade.
Depending on the entry candle a 70c stop would see profit targets of 5.7R to TP area 1 and 11.2R to TP area 2 and 15.3R to TP area 3
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