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COFFEE-deep pullback offers a great R/R opportunity

COFFEE-deep pullback offers a great R/R opportunity

Coffee ICEUSA:KC1!

Hello, according to previous analysis we have a big shark on W1 chart:



Price reacted nice to that level and the first impulse leg appeared to be finished.
Price made a deep pullback for wave 2 and now is ready to start a rally. I like this setup because the risk is very low compared with the potential reward.

We have also:
- Trendline support
- 1.61 fib extension.
SL and targets shown on chart.
A good opportunity with low risk.
Happy weekend.