I see price has had a great run up, this is the 4H chart but the daily is speaking to me. Price has confirmed by a small pullback and now showing rejection at the 50-61.8% Fib levels, price showing an engulfing pattern at those levels. Soybeans is a touchy commodity, I would think.. like all commodities right now, more upside.. but certainly room for a relaxation...
Love me some Soy. I see the short, price has rolled over, price did pop really strongly, I would not have longed, the technical picture has advanced and I see the doji on the weekly chart. The short 2:1 can be tucked in here on the retest of that support area. Let's see what we get here. Remember, break even is still a good trade. 1% risked. -Happy Trading!
#Soy reversed from support area and likely to rise to resistance level 1450 #Soy (Buy idea) ⬆️ Take Profit: 1450 Entry Price: active Stop Loss: 1410
Hello Everyone, In case you trade commodities and Soybeans in CFDs... Even though the trend is decelerating and slowing down considering the previous HL(s), I forecast there will be another wave... Let me know what you think :)
Triple Top Breakout Soy futures are breaking out A very nice triple top formed and this is happening as DXY is consolidating. We may see an even bigger move to 1500+ if the volume can keep up. I made an entry 350 bushels @ 1445
THIS IS MY BULLISH TREND CONTINUE IDEA. HOWEVER WAIT FOR COME KEY LEVEL AFTER HOW TO RESPECT TO KEY LEVEL AFTER TREND CONTINUE TO UP TREND YOU CAN ENTRY ,SO THIS IS MY OPINION ONLY .
THIS IS MY BULLISH TREND CONTINUE IDEA. HOWEVER WAIT FOR COME KEY LEVEL AFTER HOW TO RESPECT TO KEY LEVEL AFTER TREND CONTINUE TO UP TREND YOU CAN ENTRY ,SO THIS IS MY OPINION ONLY .
Resistance at 12 in form of previous resistance.
I have "bean" watching Soybeans for sometime now. I see price has entered an area of resistance, has hit a whole number of $12 and my heatmap indicator is showing divergence. Price has fallen through my trendline. I will be going short. On the daily charts, a couple of shooting stars are present. Enjoy!
Weekly Chart I'm watching this chart for a fade in the future. A serious run up, caught some upside on this one. previously post.
HELLO TRADER'S THIS IS MY BULLISH TREND ANALYSE . WAIT FOR COME KEY LEVEL AFTER TREND CONTINUE TO UPTREND .THIS IS MY OPINION ONLY NO MORE SIGNAL .
I just exited half of my position on Soybean because we are hitting the resistance. This being said, I am still bullish and I want to explain my plans according to the different scenarios that I see. Scenario 1: Price could go straight up to the next resistance, in which case I will have left some money on the table. Scenario 2: We bounce to the downside from...
Hi there. Price is forming a continuation pattern to the downside. Watch strong price action at the current levels for sell.
I have been reading the marco drivers on it's run up and the marco on why I think it will drop. man oh man... serious momo behind this commodity. Ok, now at a pivot point, previous resistance, for an engulfing on daily. heatmap indicator overbought all day. 2:1 RR 1% risked. Off the top of my head... I have had a couple great wins with this bean.. then a few...
Let's try this again! Short. Nice Shooting start on the daily... 2:! RR 1% risk.