Coffee smells good
Another day, another breakout trade. I went long at the 0.5 retracement, we’ve had a nice reaction so far. Stop loss under the 0.5 Fibonacci. I expect coffee to reach a new high. There’s plenty of commodities that look strong vs the dollar, coffee has lagged for weeks now but if you zoom out there’s signs we can put in a new high.
Not financial advice. Do what’s best for you.