Cocoa Futures – Cup & Handle | 1:8 R:RCocoa FuturesICEUS_DLY:CC1!acradezh46Cocoa Futures – Cup & Handle | 1:8 R:R Cocoa Futures (CC1!) is forming a Cup & Handle pattern on the Daily timeframe. After a strong recovery from the March low, price has formed a large rounded Cup, followed by a smaller Handle consolidation near the neckline. The setup is based on a bullish breakout above the neckline/resistance area. Trade Plan - 🟢 Entry: 6,176 - 🎯 Take Profit: 10,136 - 🛑 Stop Loss: 5,679 - ⚖️ Risk/Reward: ~1:8 A sustained breakout above 6,176 would confirm the setup. The bullish thesis is invalidated if price breaks below the handle support / stop-loss level.