SL @ 9.266
TP1 @ 1:2 RR
TP3 Trail SL
Soybeans has reached it's 6 months upper range. Don't over capitalise in this short, price tried very hard to break to the upside of its range earlier but didn't succeed. Wider SL than usual (placed above weekly upper true range) due to volatility. Look to carry the trade to the trendline.
These are the FUTURE dates for SOYBNUSD (Soybeans) with the highest probability for making a price swing high or low. Apply your own indicator(s) to determine the price swing direction.
As mentioned in other posts, The Djinn Predictive Indicator is for SALE.
Equations for all time frames are included , with the exceptions of the 1 minute time frame and the 5 ...
After showing a sharp movement, SOYBNUSD is accumulating at the top of the wedge and ready for a break out. Watch it tightly to catch a next movement.
Ideal entry at 8.8, short term target at 9.3, stop loss at 8.6
This is something for those, who likes to trade commodities.
Soybeans are near their key area of resistance between 8.960 and 9.055. For us to take the side of the bulls, we would need to see a strong move above 9.055, in order to position ourselves for higher levels. The next longer-term potential area of resistance could be around 9.570, which is ...
As I said above with regards to a possible Retracement of this move.
- has broken a downtrend
- this could be a short squeeze?
- Volume profile suggests support building between 8.7 and 8.32(refer to RHS - 1Day chart)
- I will keep and eye on DXYTVC:DXY for weakness in the coming week to make a decision
- yes yes, trade wars this... and trade war that...*internet ...