Wheat: overwhelming pessimism leads to a bottom
Wheat has formed a gigantic weekly base, and is ripe to rally once price moves above 469'6.
It's a bit premature to buy, but we could get away with huge R multiples if this trade setup works.
Open long positions on a break of this level, with stops under the previous week's low.
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Link to Tim West's chatroom: www.tradingview.com/chat/
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
It's a bit premature to buy, but we could get away with huge R multiples if this trade setup works.
Open long positions on a break of this level, with stops under the previous week's low.
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Link to Tim West's chatroom: www.tradingview.com/chat/
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
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Comment:
A matter of timing, a shame we didn't catch the move.
