( trade in progress) week23 Cocoa shows end of bull flag with kicker candlestick, ready for 8 week uptrend continuation

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.

h4

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.

week23 cocoa h4 wr26 6ullflag violemy expamsiom 030615

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