COFFEE May Reverse! Here is Why: (Trading Plan)
we saw a sharp and strong decline during the last two month.
however, just recently the price has reached a major daily support level .
chances are high that we will see at least a pullback from that.
I am waiting for a 4H candle close above 107.1 level.
it is a horizontal neckline of an inverted h&s pattern.
after the breakout I will buy the market on retest.
(if neckline is respected and price drops below the head, setup will be invalid)