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Hi Traders, Gold on H4 has broken above the Resistance by a large red candle, It has also has been making HHs and HLs, so I am expecting that it goes up at least to 1841.84
⬆️Buy now or Buy at 1808.8
⭕️SL @ 1785.99
✅TP1 @ 1841.84
✅TP2 @ 1868.85
✅TP3 @ 1905.2
We will have...
The commodities/stocks ratio is now at the end of its bullish downward wedge pattern formation and about to breakout in the next year or so. This will be highly inflationary and will lead to the next commodities bull market. You'll want to be in commodities, rather than stocks during this period.
Balance of Power indicator looks like it has made a reversal, when that happens we consequently dump but that is a sign of institutional buying pressure- as the sell pressure is rotated to a small percent of the market buying the cheaper lot.
At an important traditional and Fibonacci level- therefore if we don't break above expect a retracement in the green...
Gold continues to bullish at the expense of weaken US Dollar. This safe haven is currently on bullish mode without any sign to stop anytime soon. Its better to wait for the price action to see the best trading plan.
Key Trading Plan:
i) SHORT from the current price to the Take Profit Target at support 1765.7
ii) LONG if the price breaks 1819.9 resistance...
Sugar could retest a weekly support after a nice impulse.
According to Plancton's strategy, we can set a nice order
Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Pay attention to this if you are trading on the short-term. The 1H MA200 is normally there to support but can deliver a breaking as on June 15th. Also as long as the 1H MA50 is a Resistance the trend will be downwards within this Channel Down.
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **...
Position Size : %1
Risk/Reward Ratio : 1/2.71
Stop-Loss : 17.292
Goal : 18.768
NOTE : Don't forget to look related ideas for seeing what i take as main structure for this trade.
This time-frame contains more risks than 1W timeframe . You can select 1W time-frame stop-loss to make this trade less riskly (on Related Ideas) , best regards !
Wheat December 2019 - Soya November 2019
Interesting spread between the December futures contract of Wheat and the November contract of Soya.
As it is statistically deduced from our software, in this case the Moore Research, we have a percentage equal to 87% in which this difference is reduced, and therefore, a normal convergence of the two values...