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IamJeanPaul
Jan 30, 2017 4:41 PM

RICE IS A POTENTIAL HIGH REWARD BUY TRADE Long

Rough Rice FuturesCBOT

Description

Trendline broken, and market formed a textbook flag above the broken line.
For me a textbook buy signal is forming here.
If you like to take a little bit more risk like me, buy here at 975 and place your stop at 957.
Target would be the longterm trendline at 1060.
This would result in a nice 5:1 Risk:Reward trade.

If your looking for a more conservative approach wait for the flag to break and enter on the break.
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