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Cotton - Some pause after first bullish wave

Cotton - Some pause after first bullish wave

Cotton #2 ICEUSA:CTK2015

Weekly: - Ichimoku setup is bearish, but the pull back was remarkable: Chikou will hit Price candles soon and Price is above Kijun Sen. Tenkan is still below Kijun - haDelta may come lower a bit, indicating some hesitation or pull back from 65 resistance. Daily: - Ichimoku setup is bullish - HA candles suggest a pause or pull back. haDelta further down, watch if SMA3 drops back below zero line. - Pull back tgt is 62,00 - 62,70 area, where we should look for buy signals in line with developing daily bullish trend I closed some of my long positions, waiting for a buy signal to re-enter.