Wheat offers an attractive 2.24R pullback long, bolstered by fresh geopolitical and weather-related catalysts threatening global supply. Although the 4h trend is carving out constructive higher highs and higher lows, the immediate 1h momentum trigger is still developing. The fundamental backdrop makes this highly compelling, keeping it on high alert to take once shorter-term momentum confirms.
๐ Entry: 667.25
๐ Stop: 656.00
๐ฏ Target: 692.25
โ๏ธ R:R: 2.22
๐ Entry: 667.25
๐ Stop: 656.00
๐ฏ Target: 692.25
โ๏ธ R:R: 2.22
monk.trade โ Trade setups and market intelligence
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monk.trade โ Trade setups and market intelligence
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.
