I am not a coffee trader but we rarely see a trading opportunity like that so I want to show it to you!)
if we look far left on a weekly timeframe, we can notice with you that 87 level was tested 15 years ago last time.
It looks like sellers are willing to push the market to that level and I think that the reaction will be lit.
I believe that a huge amount of buying pending orders is placed within the underlined area.
So if you are a futures trader, pay close attention to coffee futures and be prepared.
good luck!
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.