Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
I don't think 2079.50 (to be exact) is a resistance, it's more the band 2,080-2,100 which has seen a lot of resistance over the past few months (2 attempts over the past 4 months).
I like KennB's way of describing his approach to trading. IF... THEN... IF NOT.... THEN...
The way I'm looking at this is if we fail to break through that band with enough decisive force then I will flip to a short position from a long. Be careful of false breakouts.