Sad story for people hungry in the world... but at the make it or break it point Still mostly bullish but rejected at the usual spot...
Wheat has validated H&H but we did not hit the target as per pattern, it can be that what we see is the bearish trap. In case wheat to clear and hold 598 level we can see the re-test of 640 highs or move on forward to 680-700 level.
Hey traders, please support my idea with LIKE or comment if you agree! GOOD LUCK!
a high volume up down with the breakout of the vwap means that the market will decrease so it is an opportunity to sell an important opportunity to sell
We have a buy signal The market will keep going up Take profit:552'0 Stop loss: 544'0
You know I am a big fan of commodities and especially tight markets like wheat, live cattle, etc. These instruments are less manipulated and less speculative. Usually, they follow their setups very well. Getting above Friday’s high is potential swing entry. We have a triangular formation on the daily chart. Sometimes price makes false breakdown before the rally....
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I come up with trades that really save people time off the screens and have great risk to reward parameters using Futures Spread Trades, and Span Margin brokers to get in cheap as possible and maximize my per capital usage. This idea is on a rock bottom price we can call a supply area we have visited in the past. Follow and see. Thanks
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...