( +$19) week19 Coffee WR2B trade from Double Top

Monthly

A Monthly downflow shows fib5 resistance

week20 Coffee monthly resistance fib5 100514

D1

Traded this WR2B.
Criteria that determined this trade:
Fib5 level acting as resistance
D1 shooting star
Subsequent bearish expansion candle over 2 weeks high
Price observation : price doji below wr2b but never closed above fib5

Trade outcome : +$19

week20 coffee d1 wr2b completed  potential DT 100514

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s