Friday, 20 December 2013

Coffee KC Hits bottom.Looks like we have finally found lasting support.

I will stalk a retracement of the last few days move upto the 115.80 level and try to pick the first entry of the new trend ( I believe) using the B-Line and 2 x indicator template. Ideally 111.20 of a 50% RT. Wait to see the behaviour around the reaction line. We may fail on first attempt to get up and thru it so beware picking a long here. Maybe it will zoom straight thru?

No comments:

Post a Comment