Here I lay out my trade idea for Wheat.
Given Global Macro events, technical patterns and indicators, I see a long here.
3:1 RR
1% Risked.
Let's see where this goes!
Wheat futures rallied last week as it was expected. Congrats on your profits! Wheat is one of my favorite instruments. It follows setups very well. Many traders focus on more volatile instruments. But that is wrong. As traders, we have to be focused on a less speculative instrument that gives a better risk/reward ratio. I believe the price will retest recent highs...