CFDs on Wheat

OANDA

:

WHEATUSD

daily traders will be entering here

CHANNEL BROKEN, look for correction on small time frame and sell

WHEATUSD is just about to relax from high levels which were reached in the cold season. The retracement of the down move of the past few days has been just below the support turned resistance at around 5.69-5.70. When price retraces to this level and the resistance proves to be valid this is an entry point to follow the higher timeframe downtrend at least until...

At a key Fib level, last stop on way to 100% retracement to 2017 levels

Close above 4.55 could take this to around 5. Fibs lining up and indicators showing potential move higher from the current 4.50 area.

Always buy triple bottoms.

.

Nice Reaction from Key Reversal Area, wait for lower degree correction before considering going short

After making a second high in the forming upward channel, the correction to 200 EMA took place. The reversed U shape of the volume structure signaled the correction stop around 200 EMA as supported by the whole array of daily tails. Wheat is set to move upwards to the new price territory in the area of 6.00.

sketch wheat

Nelle prossime 4 ore, in particolare se la quotazione arrivasse a 5,01, il trend potrebbe invertirsi, da Long a Short.

Contracting volume, narrowing bands. Spike expected next few weeks, adding on longs.

We can see divergence on Rsi and MACD, and a reversal. Possible buy opportunity?

LEts short for a quick scalp to the 0.38 level for 2% profit

12345 ABC... We are at C. New 12345 awaits.

Looks good for a long play on pullback

Just before the big price move begins on Dec 26, 2018 I will update the WHEATUSD chart.

Harmonic pattern and nice place to buy - uptrend and small correction as you can see. Now we are looking for the best price to get in and I think that this is the right one. If price goes to 88.6% Fibo level it would be nice to enter in long position in that moment. Our Take Profit order is far away from that point....