TheCommoTrader

Is it time to buy the retest ?

Long
CBOT:ZM1!   Soybean Meal Futures
Price started to form a liquidity zone in last week's trading and we started to see a liquidity grab move with a minor engulfing pattern at the last hours of the Friday session.

Price hit the lower lows of the liquidity zone and then form an engulfing candle. We could buy the retest here with targets above 440.

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

~ Tuan Anh Commo

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.