Quick and dirty trade idea on soybeans. Nothing fancy by any stretch of the imagination.
Previous 11.85 support is being tested, maybe we can make a dollar or two based on a quick pivot to the upside. As a result, a very tight stop loss is in order, this trade has a very high reward / risk ratio. No time will be wasted, the market shall crash though support and we move on to other trades, or perhaps we can make a small profit.
Previous 11.85 support is being tested, maybe we can make a dollar or two based on a quick pivot to the upside. As a result, a very tight stop loss is in order, this trade has a very high reward / risk ratio. No time will be wasted, the market shall crash though support and we move on to other trades, or perhaps we can make a small profit.
Comment:
Target hit. Trade exited at 12.16