dragon_88

Soybean (SOYBNUSD) is ready for a break out of the wedge

Long
dragon_88 Updated   
OANDA:SOYBNUSD   CFDs on Soybeans
After showing a sharp movement, SOYBNUSD is accumulating at the top of the wedge and ready for a break out. Watch it tightly to catch a next movement.
Ideal entry at 8.8, short term target at 9.3, stop loss at 8.6
Trade active:
A flag pattern also goes to the end of set up, can early entry at 8.7 for aggressive trader or wait to break out confirmation.
Stop loss at 8.6
Comment:
Time to scale in, stop loss still at 8.6
Trade closed: stop reached:
stop loss reached with a false break which commonly generated an oppotunity to re-entry. stop loss at 8.5
Trade active:
scale in now, stop loss 8.6
Trade active:
Time to scale in more with all stop loss at 8.650
Trade closed manually:
Close all position at 8.65

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