Retrospective US cotton production has increased | Technical Analysis #C-COTTON 2022-02-15 | IFCM
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Retrospective of Technical Analysis #C-COTTON From 2022-02-15

US cotton production has increased

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Sell stop119
Take profit115.7
Return on Investment +2.8%
Overview date 2022-02-15
Date of the closing positionfrom 2022-03-10 to 2022-03-15

The chart shows the real change of quotations after the publication of technical analysis on 2022-02-15. 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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