CFDs on Wheat OANDA:​WHEATUSD

Comments on the chart

Short at the completion of the 1:1 at an area of structure.

Looking for a potential buy here, awaiting confirmation from technical indicators. move higher (first target) targets 5.379. a move equal to the previous two moves higher puts this at around 5.650

Short wheat at this trendline, at this season and at more then 500

Short at 520

Entry - 5.06 SL - 5.24 TP - 4.75 RR - 1.7R Risk - 2%

well we see that traders break through the resistance not once but twice. But, we haven't seen them near the support area with the first pattern and with the 2nd. While I am not truly analyzing this to come to a trading plan with this specific stock/commodity. I do have additional questions with my limited knowledge. Was the stock oversold at one point? Did ...

Likely to pullback soon

According to daily time frame it looks like $WHEAT is making support and preparing a change of trend.

We already traded WHEAT weeks ago with some success, and I found this setup quite interesting. On daily we have another nice breakout, that could lead to another false breakout. But in this case we are narrowing down on the support and resistance so we should see some break in the following weeks. Taking into account macroeconomics, I'm betting more on the upside ...

Short again

You can check trade full fundamental and technical analyses in YouTube.

Right, prices could appreciate to highs of 5.000/5.2000. HOWEVER GUYS. Expect a very sharp reversal very soon! I believe that we're in for a very lucrative trade, I think that we're in for a short down to lows of 4.300/4.100. LET'S GO, LET'S SEE WHAT HAPPENS NEXT! TP: 4.300/4.100

Well, Well, Well. I anticipated wheat to reach lows of at least 4.200 if I'm being totally honest, however I had to leave this trade alone. Wasn't as lucrative as I thought it would be prices reversed to the upside! You win some, you lose some guys! Such is life!

We are aproaching the main trendline, evalutationg the seasonality i'll put a short order.

WHEATUSD Time to buy Good luck

Looking at buying WHEAT with a Win lose ratio of close to 1:2 Good Doji forming. Although not at the most confluence area

So guys I'm currently waiting for a decisive break out of our key level. PATIENCE GUYS, let's just be patient!