pptw

We broke out of the trend - Buy opportunity Corn

Long
pptw Updated   
OANDA:CORNUSD   CFDs on Corn
We broke out of the negative trend line, backed up by higher low's indicated by the yellow increasing trendline, and a higher local high.

For sharp entry:
Wait for retracement till the horizontal line which acted as S/R recently, or wait till it retraces till the trendline.

For strong conviction:
Market order to get the length since it seems a new trend has started.

Take length with your own preferred SL/TP.

Trading is not about copying but about forming your own opinion.
Comment:
Corn tested downside and immediately bounced of the support trendline indicated with orange. More confirmation to buy.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.