machintose

Week 20: ZSN2021 Sign of weakness and opportunity to short

Short
CBOT:ZSN2021   SOYBEAN FUTURES (JUL 2021)
This morning during Asian market, volatility was low and structure wise, it is trending down to break the $15.82 support level .
I am on bearish bias and will place a spot short order:

Entry: $15.82
Stop Loss at $16.13
Take Profit at $15.08
RRR = 2.39R

It may not be a short drop, protect your profit when you are already in profit zone.
I will update again tomorrow if there is a change in outlook.
Trade active: Move SL to profit zone at $15.60