TheSignalyst

WHEAT - Purple War Zone!

Long
FX:WHEATF   Wheat Future
WHEAT is overall bullish trading inside our blue and brown rising broadening wedges so we will be looking for Trend-Following Buy setups as it approaches the lower trendlines.

So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the brown trendline and blue trendline.

As per my trading style:
I will be waiting for it to approach the highlighted purple circle area to look for buy setups (like a double bottom, trendline break, and so on...)

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

Trading Made Simple; and Rule-Based
www.RichTL.com

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