Under the ABC trade setup the 50% and 100% of previous range levels are potential targets and the various levels can be used for stop placement as the trade progresses.
Saturday 24 July 2010
cocoa
Cocoa at last fell sharply under the bear setup we have been monotoring.Ironically this followed the supposedly bullish news that a London trader was trying to squeeze the market.
Under the ABC trade setup the 50% and 100% of previous range levels are potential targets and the various levels can be used for stop placement as the trade progresses.
Under the ABC trade setup the 50% and 100% of previous range levels are potential targets and the various levels can be used for stop placement as the trade progresses.
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