Hi Traders,
Now that Soya Bean oil has broken the last bottom structure resistance with a strong daily momentem, then tthe next 3 targets are based on the fib level or fib extensions with 0.618 fib level being the main retracement resistance.
Depending how it approaches the resistance level, will determine the next target or price action.
How to trade this or find entry?
Use the 8 or 12 hrly trend
All the best,
S.SAri
Now that Soya Bean oil has broken the last bottom structure resistance with a strong daily momentem, then tthe next 3 targets are based on the fib level or fib extensions with 0.618 fib level being the main retracement resistance.
Depending how it approaches the resistance level, will determine the next target or price action.
How to trade this or find entry?
Use the 8 or 12 hrly trend
All the best,
S.SAri
Discord: TradeToProspa
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.