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MattArmstrong

Wheat - ZW | Long Idea

Long
Wheat Cash Contract (PEPPERSTONE:WHEAT)  
MattArmstrong Updated   
PEPPERSTONE:WHEAT   Wheat Cash Contract
Trend Analysis Harmonic Patterns Chart Patterns Wheat zw Commodities cryptobro trade invest dollar USD
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trendanalysis harmonicpatterns chartpattern wheat zw commodities cryptobro trade invest dollar usd
Here I lay out my trade idea for Wheat.
Given Global Macro events, technical patterns and indicators, I see a long here.

3:1 RR
1% Risked.

Let's see where this goes!
Comment:
Just today; talks of continuing Grain aka Wheat exports... should relax wheat pricing a bit, this still does not 'fix' the Macro view of Wheat, we will see.
Comment:
Never like hearing negative news to make a trade pop, but this one will be opening pre-market 5% up. I assume the trend continues.
I moderate a small community 4 traders, analyzing weekly charts, and discussing trade setups. Focusing on psychology.
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