Soybeans had a nice breakout out of a long term descending . Price was very weak after the breakout forming a rounded top at a small wave retracement, implying we will see some downside. We could either use the previous top sideways resistance as a support, or we could trade into the structure, using the previous bottom support, before more upside. Worth keeping an eye on this one as there is a few opportunities. Hope you have your own tested trading strategy to trade this one when it moves.
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