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machintose
Aug 17, 2020 9:19 AM

Week 34: ZSX 2020 Slight bullish sentiment Long

Soybean Futures (Nov 2020)CBOT

Description

Currently the price is soaring up to the upper part of the zone and if we look to the left, we can expect the price to move sideways before collecting the Supply Zone.

Despite being bullish bias, I will not buy at market, instead, I prefer to buy at a better price (discounted price).
My trade opinion on ZSX 2020 is as follow:
Buy Limit at $902
Stop Loss at $893
Take Profit at $918
Risk Reward Ratio = 2.13R

Disclaimer:
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee .
As always, move your SL when you are in the profit zone.

Trade active

Dangg ... yesterday highest was only $917.4 (very close to our Take Profit)
As the price is already in the profit zone, time to move the SL to $900.
If you are a conservative trader, you may want to reduce your lot size by 50% and we wait until it hits our Take Profit level.

-SatayFX

Trade closed: target reached

Take Profit achieved.

-SatayFX
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