Sharing my trade with whoever's interested. Wheat is at an all time high, i'm expecting it to correct.
See diagram above for more information.
All the best and keen to hear your thoughts if you have a different view.
Wishing you only the best.
Been a while since I posted about agri.
Price is around its average now, I see no reason for it to skyrocket.
I don't think this little rally is a new trend, I see it as a correction.
And the short term uptrend is probably just noise that kindly comes fill my shorts.
Wheat found a bottom and has been trending up, If it could get past the report on monday or better yet rally on it, we could safely call a significant bottom in place. If you're not long from lower, it's probably better to stay on the sidelines until after Monday's report
Wheat plan 16.07.2019 is active.
Looks like price want to go below 500 point.
Main move I expect up.
Write your in comments what trading instrument do you want to I analyze.
If you have any questions, write private messages.
Possible trend reversal coming up, needs a few closes below the line marked w/ text. Simple trade guys. If it closes below let it fall, get short on the pull back OR vice versa. No trade yet, just waiting for a directional signal. Gut says short it though. NOT FINANCIAL ADVICE, TRADE SAFE!