week to week up for 8 weeks, Cocoa has been trending steadily.
In order to hunt for the day to day profits, I look to trade the day to day momentum.
Criteria that made this trade attractive:
-precedence of 8 weeks uptrend
– flush of 2 weeks high
-classic bull flag consolidation
– marked with a violent expansion, showing a strong pivot to place SL.
What i did not like:
pivot did not bounce from a recent SAR.