Prices of Soybeans are seen to be above the minor resistance. (9.118)
Although it may contain a slightly lower risk / reward ratio, it may be more profitable in low time-frame periods.
Those traders who want to be more safe can enter after a period of 1-2 weeks if prices below the resistance status is clear.
Furthermore, the highest basis of this analysis is the idea that both sides will make concessions in the trade wars between the US and China (My personal opinion).
Parameters :
Although it may contain a slightly lower risk / reward ratio, it may be more profitable in low time-frame periods.
Those traders who want to be more safe can enter after a period of 1-2 weeks if prices below the resistance status is clear.
Furthermore, the highest basis of this analysis is the idea that both sides will make concessions in the trade wars between the US and China (My personal opinion).
Parameters :
- Position Size : %1
- Risk / Reward Ratio : 2.11
- Stop-Loss : 8.75
- Target : 10.256
Trade closed manually:
Sales have come to the commodities with the danger of coronavirus, it is a little more cautious and it is useful to watch the news flow.
