Hello traders: Looking at soybeans from the higher time frame perspective and its price action structures. We see strong bearish impulse down from mid of 2018, and has been in this larger channel like structure ever since. Price has been consolidating for these few years, and finally breaking to the top in the recent times. What I like about the price from a...
Soy bean is facing a resistance at 9.81, mau start falling from here. First support area would be around 9.488. Second support area would be around 9.274. Personal sl was 9.95.
I discussed this long trade back in may, I now see the short.. it just kept riding up! There it is.. highlighted on the chart.
Caught using my RJT averages tool this SOYBEANS trade keeps moving higher. 84 points locked in (pink line - 0.8*ATR). Currently 569 points in profit. Waiting for exit signal (close cross of upper channel). Continuation trade also executed and closed (continuation indication - TP white line) for 85 points profit (0.8 *ATR). DM for more info/access.
- AS TITLE SAYS; - ON M. YEAR RES. - LOOK FOR OP'S TO SELL SHORT - TARGET OPEN 3400 PIPS DOWN
The price creates a nice Adam and eve pattern, we are waiting for a retest on the neckline. According to Plancton strategy, we can set a nice order ––––– Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
View On Soy Bean (5 JULY 2020) We had a big deflationary shock last March but moving forward, we will likely to witness inflation and stagflation in the coming months. We are seeing that the food prices are going to go ONE Way. UP. There will be minor pullbacks along the way but, it's better to stay on the long side only at this moment. Legal Risk...
with montly and weekly candles shown on the daily
shown on the daily - the monthy is orange of bearish and weekly is a potential new long vibration from the weekly chart