MoneyBodySoul

WHTUSD Mid-Term/Long-Term Short Position. Minimal Draw-down.

Short
FOREXCOM:WHTUSD   None
Technical analysis

Great opportunities to short wheat at the key 0.618 fib level for a big move down all the way to 4.2820 at the 0.236 fib level. Minimum draw-down with stops placed safely above the summer highs.

Entry: 5.3540 (On the 0.618 fib level)
T/P: 4.2820
S/L: 5.6540