Cocoa - bullish but need a little throwback to enter

9 בנוב׳ 2017

On a daily basis, breakout occured but a throwback is necessary before entering, ideal entry point given by a previous horizontal resistance (purple dashed line). The current phase is very bullish with a Kijun/Tenkan on top of each other, it's too late for going long for the moment. Profit levels are given by flat segments of SSB in weekly timeframe. SL is set using another flat segment given by Ichimoku. A clear signal must be given by candles if they are close to the foreseen entry level. Ratio > 2:1.