Coffee: Upside breakout of the 20-day balance [Video]

Petar Jaćimović FXCentrum

Coffee is breaking a 20-day balance with strong momentum, indicating potential for a further rally. In a breakout model, it's beneficial to use a trailing function to maximize profits by locking in gains while allowing room for upward movement. This strategy helps manage risk and optimize returns by adjusting the stop loss as the price rises, ensuring you capture the most from the ongoing momentum.

Author

Petar Jaćimović

FXCentrum

Petar Jaćimović was born on 8 July 1989 in Jagodina, Serbia.

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