Long Robusta Coffee | Trade of the Week

This week, we're going long Robusta Coffee, bouncing off key support that's held since April, May and June this year, and which also connects back to the July 2025 low. With that support holding, we see scope for a move higher, potentially back toward the highs seen in July this year. We're buying at current levels, 3,340, with a stop loss below the July 2025 low at 3,158, and an upside target just below the 4,000 area at 3,990. On last week's trade, GBP/USD didn't play out as expected. We were looking for an ABC correction higher before the previous uptrend resumed, but it turned out to be part of a broader downtrend, and we were stopped out just below the late July low. As always, we only risk 2% of capital per trade, which is exactly why that discipline matters. 👉 In this video: ✅ Why we're going long Robusta Coffee this week ✅ Key entry, stop and target levels ✅ A look back at last week's GBP/USD trade, and why it didn't work out Trade of the Week Playlist: ► https://www.youtube.com/playlist?list=PLiuPElZAFyTJFfLuMPPt1SvCt8gJEpNs7 📈 Catch more market commentary and insights on our channel. Subscribe ► https://www.youtube.com/@iguk_official?sub_confirmation=1 Find out more: https://www.ig.com/uk/investments?region=uk&utm_medium=organic_social&utm_source=youtube&utm_campaign=description&product=investing&utm_marketing_tactic=consideration&utm_creative_format=text_link&utm_content=yt_description&audience=na Your capital is at risk. 69% of retail investors lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. #Trading #RobustaCoffee #Commodities #TechnicalAnalysis #Markets #TradeOfTheWeek