The price reversed the previous bullish sentiment on 1D and is currently neutral (RSI = 48.853, ADX = 28.377, Highs/Lows = 0.0000). The next long term direction should come after a lower test of (at least) the 0.500 Fibonacci retracement level. With 4H already on Lower Highs (Highs/Lows = -0.0750, B/BP = -1.5520) we have a TP = 8.637.
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So the best way to trade a new pair is just to jump into it with reasonable risk. Price is dropping but let's see what happens over the next few days. Should price show rejection, it'd be a good idea to go long.
Hi there. Price is forming a continuation pattern to the upside. Currently price has completed the B wave, now we are expecting that price forms the C wave to complete the pattern.
So, wait for the price to hit the bottom of the pattern and watch strong price action for buy.
SOY is susceptible to Global Climatic Disruption. The search term is Grand Solar Minimum and the Warnings have been aired via ' Adapt 2030 ' Clim
Thy current Winter is giving all the confirmation a trader needs to bank on the disruption to the agricultural outputs around the Northern hemisphere.
The Steep Red Horn rooted 28 Mar '16 points to a very possible...