Hello traders
New month is here and new trades. I noticed a set up in wheat.Let's take a look:
Monthly: Its not shown here but you can see macd is crossed up and hadelta is above zero. Possible higher low .
Weekly: Kumo is shading price. Ha delta is below zero still. Price made new low and we have green candle to start the week. Chikou reversing after hitting past candles as it can't get downside momentum. Macd is crossed down but above zero line. Prices were rejected at long term trendline but failed to make new low so far.
Daily: Prices above Kijun now . Chikou is above price as of now but we have to wait for close. Bounce from lower channel boundary. Macd can see cross tomorrow and hadelta is above zero. Prices are currently testing trendline.
4h: It's not shown here but it has a breakout already.
Confirmation will come after the close. I will be stalking this for long opportunity. But i wanted to share the chart today. Keep an eye on it .
New month is here and new trades. I noticed a set up in wheat.Let's take a look:
Monthly: Its not shown here but you can see macd is crossed up and hadelta is above zero. Possible higher low .
Weekly: Kumo is shading price. Ha delta is below zero still. Price made new low and we have green candle to start the week. Chikou reversing after hitting past candles as it can't get downside momentum. Macd is crossed down but above zero line. Prices were rejected at long term trendline but failed to make new low so far.
Daily: Prices above Kijun now . Chikou is above price as of now but we have to wait for close. Bounce from lower channel boundary. Macd can see cross tomorrow and hadelta is above zero. Prices are currently testing trendline.
4h: It's not shown here but it has a breakout already.
Confirmation will come after the close. I will be stalking this for long opportunity. But i wanted to share the chart today. Keep an eye on it .