Coffee has retraced to a descending trendline. It has been up every day for several days and is in very overbought territory. Look for signs of weakening momentum and RSI turning back down for a decent reversal trade.
Trade closed: target reached
This one worked out beautifully.
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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.