John Erik Hammerstrom

Potential long in Feeder Cattle

53 3 0
Might be a good spot around 200 to go long Feeder Cattle, got a fibonacci cluster with a 1,61,1,38 and a 1,27 extension coming in at around 200,+ a 38% retracement around 200, 200 day moving average is also coming in at around 200. Rsi is also looking like we might get some bullish divergence . I would wait for price action to close above 200 for a couple of days, Entry around 200, stops below 194, first target at 217 which offers a risk/reward ratio 2,27, second target at 227 which offers a risk reward ratio 5,61.
feeder is just dropping..
took a long position at 203, stops below 193, targets 217, and 227
LEONES John Erik Hammerstrom
yes i think it could go up short term. I'm bear cattle and feeder but no positions at the moment
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