COFFEE could turn around big timePrice on COFFEE looks very interesting at the moment, this latest move broke the narrative of a downtrend.
The most recent interaction with the downtrend is particularly interesting, because it's already showing early signs of consolidation, decreased bearish momentum. What may follow: retest of trendline, low-volume candles suggesting exhaustion, all aligning for potential upwards.
My target would be toward 350$ where we have a clear zone. If this move plays out, it will make a beautiful switch of a narrative that’s we've been seeing for COFFEE. This is what makes the setup so compelling. It’s a "story being shown".
Though a scenario for more downside is possible. Still, I am taking the side for more upside because such decrease is not sustainable long without a correction.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
COFFEE trade ideas
The Coffee Vault is Open! Time to Rob the Bulls’ Treasure!☕💰 COFFEE MARKET HEIST – Bullish Loot Run! 💰☕
🌟 Hola, Bonjour, Hallo, Marhaba, Money Makers & Legendary Robbers! 🌟
Today’s target? "COFFEE" Commodities CFD Market – and we’re going in BULLISH 🚀📈
📌 Plan – Moving Average Breakout Entry
💎 Entry Point: The vault door is open – any price level is fair game!
💡 Thief’s Layer Strategy: Stack those buy limits like gold bars –
(345.00) ➡ (340.00) ➡ (330.00) ➡ (320.00) ☑️
(Feel free to increase the layers if your pockets are deep enough 🤑)
🛑 Stop Loss – Thief’s Escape Hatch
This is my Thief SL @300.00 🔒
👑 OG Robbers: Adjust your SL to match your strategy & risk appetite.
Remember, the cops are always closer than you think 🚔💨
🎯 Target – Police Barricade Ahead
🏆 Loot Goal: 410.00
💥 Hit it, bag the profit, and vanish before the sirens get loud!
📢 Thief Trader Pro Tips
Scalpers: Only rob from the Long side 🏴☠️
Swing Traders: Ride the heist wave with patience 🌊
Always trail your SL to protect the loot 💼
⚠️ Market Alert: Big news drops = high volatility.
🚫 Avoid fresh entries during news blasts.
✅ Manage positions like a true market outlaw.
💖 Boost this plan if you want the robbery crew to stay strong & profitable!
Let’s drink the profits ☕, not the losses.
🏆🚀 Thief Trader – Turning Charts into Loot Since Day One! 🏆🚀
Are coffee futures starting to show some signs of correction?With coffee futures soaring this year due to supply issues, we are finally seeing some signs of a possible slowdown in the upwards movement. Is this just a temporary correction, before another possible leg of buying? What do you think?
MARKETSCOM:COFFEEC
74.2% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK. Cryptocurrency CFDs and spread bets are restricted in the UK for all retail clients.
Coffee Futures Displaying Support Ahead of Trendline Coffee futures are down -7.3% MTD, with the move pulling price action to within striking distance of an interesting combination of trendline support around 190.79, which may offer buyers a platform to work with.
As evident from the daily chart, we have trendline support taken from the low of 143.40 and a trendline resistance-turned-potential support drawn from the high of 202.85.