Hey guys
Corn market is interesting right now.
Weekly: Price is just being bid at kijun sen but failing to break out. Macd is crossed down.
Daily: It is a chop fest but daily macd is again crossed down.It is still in channel. I expect this to resolve sooner or later . I am currently monitoring it for potential trade set up. My bias is it breaks down to the downside before a big rally . Will post the set up in comment sections one it arrives. Just add to your watchlist if you trade it.
Stay tuned.
Corn market is interesting right now.
Weekly: Price is just being bid at kijun sen but failing to break out. Macd is crossed down.
Daily: It is a chop fest but daily macd is again crossed down.It is still in channel. I expect this to resolve sooner or later . I am currently monitoring it for potential trade set up. My bias is it breaks down to the downside before a big rally . Will post the set up in comment sections one it arrives. Just add to your watchlist if you trade it.
Stay tuned.
Comment:
Ok i am in . Watch that trendline on 4h chart...
Trade closed manually:
It's not really acting the way i was looking for. I am out. Will reasses later.