milTraderG

ZW1 in a strong uptrend

Short
CBOT:ZW1!   Wheat Futures
The setup that I am using here is considered to be going against the trend. I'm looking for a small retracement to capture a 1:1 target ratio and make small gains. Normally, I would not attempt this trade, as it goes against my trading plan, but I have a strong conviction that buyers are exhausted and that sellers will come in at the zone drawn on the chart.

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.