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milTraderG
Feb 19, 2020 1:59 AM

ZW1 in a strong uptrend Short

Wheat FuturesCBOT

Description

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.
Comments
GrainStats
The funds seem to have run out of bullets in the short term. Looking forward to see how this shakes out.
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