taftrader

Soy bulls back?!

Long
FX:SOYF   Soy Future
Soy had a stellar performance since Aug 2020 going up by over 75%. It peaked out in May 2021 @ 1666, but has been on a pullback since. Its currently trading at the Monthly kijun zone which is a 50% fib zone. This is a good place to take a long for the resumption of the bullish move. With the stop loss just below the weekly tenkan and take profit at weekly SSA boundary the R will be a good 4.6.

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