machintose

Week 02: ZSH 2021 Uptrend Channel, waiting for a break

CBOT:ZSH2021   SOYBEAN FUTURES (MAR 2021)
Apology for the late post.

Week 02 for ZSH 2021 is still bullish looking. Yesterday on H1, we can see the price movement candle by candle that there were no sign of weakness. In the last hour of market, it created a strong rejection and buyer jumped in with a significant momentum.
Let's see on the overall picture in H4, the movement is still within the Uptrend Channel , we only can short the market when we see a break at $1,370 level.

As at I wrote this, from H4 down to M5; there are still no sign of Seller coming to the market.
Buyer is still dominating the market, be cautious if you plan to long the market.

No trade call for this week.

-SatayFX
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.