IFC Markets Forex Broker

Retrospective of Technical Analysis #C-COTTON From 2017-08-30

Hurricane Harvey may damage the US cotton crops

Buy stop71,3
Take profit91,4 and 85,6
Return on Investment +24%
Overview date 2017-08-30
Date of the closing position2018-06-15 and 2018-06-19

The chart shows the real change of quotations after the publication of technical analysis on 2017-08-30. The pending order from this analysis was executed and the position was opened. Next, we shall move the stop to the next fractal low following the Bollinger Bands and Parabolic SAR signals at the 4-hour charts. Thus, we are changing the potential profit/loss to the breakeven point. The position shall be closed when the price meets the Bollinger bands, the Parabolic SAR, the trend line and the fractal indicator.

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