Type: Bullish rise
Resistance : 76.62
Pivot: 73.05
Support : 71.50
Preferred case: With price moving above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance in line with the 76.62 in line with the swing high resistance from our pivot of 73.05 in line with the 38.2% Fibonacci retracement and the horizontal overlap support....
A challenge is to adapt the strategy to prior days conditions: if in the past a low below prior day caused a rally the you have to trade long, if a breakout in the past created sideways action then you simply avoid the market
my current positions:
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Stock market indices have no clear long or short direction
Bitcoin and gold might go up again.
Soft commodities short
ZLZ21 , SOYBEAN OIL is ready to move up in price as we have divergences and buy imbalances Entry price 58.50 Take profit 64.58 ,SL 53.41
follow my signals and make profit ,check my past signals to confirm how accurate i am
ZLZ21 , SOYBEAN OIL is ready to move up in price as we have divergences and buy imbalances Entry price 58.50 Take profit 64.58 ,SL 53.41
follow my signals and make profit ,check my past signals to confirm how accurate i am
We can't be sure at this point that in the short term soy bean oil is going to continue to move up even though we had multiple 1h tests on a major 1D prior LH level from above.We can spot an ascending channel on the daily time frame, in which the price is near the top line. In the previous 2 occasions when the price reached this level it promptly corrected down to...
Cot commercials index increased and seasonality is pointing to higher prices
Entry as usual above prior days high and exit with trailing stop below prior days lows
If this will turn out to be a supertrend like on crude oil i will hold the position till price closes below 18 moving average.
