Hello friends, especially in the Agricultural Commodity Market :
Corn and Soybeans had been trading discounted for a long time.
I shared my prediction earlier because the Soybeans exceeded intermediate resistance.
That analysis continues (On related ideas)
Now it's time for Corn.
Because Corn just broke up its minor resistance,
under the influence of the buy signal.
When we look at the relevant Terminals
14 Weeks Period :
Autonomous LSTM Adaptive Period :
We can observe that it is being discounted.
It contains a very nice Risk / Reward Ratio.
So it can be tried with a low amount of position.
The parameters I recommend for this analysis:
- Risk/Reward Ratio : 1/2.99
- Position Size : % 1
- Stop-Loss : 3.622
- Goal : 4.435
Let us not go into heavy positions, if an otherwise sudden development occurs, we keep our lead when the conditions improve.
Regards.
Trade closed manually:
Sales have come to the commodities and agricultural commodities with the danger of coronavirus,let's stay out of the game and be more cautious and it is useful to watch the news flow.
