Trade ideas
SOYBNUSD SellFundamentals:
Global economic slowdown may decrease demand for soy products
Technicals:
Downside breakout-retest of uptrend
USD flexgood money here... could be a long term hold.. we'll see what kind of data we get in the next few days-week to come :D
soyabeansThings Not looking Good for Commodities.
Weekly: Breakout of weekly support now turned Resistance on Daily, with 2 Reluctant bounce below the level at 8.300.
1hr: Sell at Resistance and add position below the breakout 8.133
SOYBNSUSD - hiccup and up?I missed all the way down (linked idea), will try to load some longs in green areas. The higher green area for small position and larger position in the lower one. SL somewhere below 8.60 - pick your own risk level.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Soybeans? More like "SeeYa-BEANS" LOL, amiright? BYE-BYE BEANS!Invert the chart, and you've got a sexy cup and handle. Perfect time to short. Add in the Corona virus, and unless China buys the world's stockpile to feed people/livestock, no one is buying soy because they're quarantined. Regardless of the fundamentals, soy is going down.
SOYBN LongThe WuFlu (Corona Virus) is now on the decline as there is now a viable vaccine - risk of agricultural failure in China has lifted.
Initial long has been entered & will enter more depending how markets look on Monday.
Soybeans : Over Minor ResistancePrices of Soybeans are seen to be above the minor resistance. (9.118)
Although it may contain a slightly lower risk / reward ratio, it may be more profitable in low time-frame periods.
Those traders who want to be more safe can enter after a period of 1-2 weeks if prices below the resistance status is clear.
Furthermore, the highest basis of this analysis is the idea that both sides will make concessions in the trade wars between the US and China (My personal opinion).
Parameters :
Position Size : %1
Risk / Reward Ratio : 2.11
Stop-Loss : 8.75
Target : 10.256
SOYBNUSD - Falling WedgeSoybeans is currently in a falling wedge pattern and getting close to a long term support zone.
I expect a reversal if support can hold and if we can close out of the pattern.
SOYBNUSD - ready for shorts?I'm tracking this one for some time. I'd go with shorts from marked red area with aim to dashed green targets (especially the lower one).
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
SOYBEANS - Short IdeaI see an opportunity.
- Price making a double top on the daily.
- Price has had a significant run up and
entering resistance area.
- A doji on the daily uptrend, significant.
- A sell off of price after the doji with a
failure to break and close beyond the 50%
Fib level.
- MACD Divergence
- RSI overbought territory.
- Price in an area of significant resistance
going back to April 2017.
1% Risk, 1.75/1RR
SOYBEANS SUPPLY AND DEMAND AND TREND LINES ANALYSIS SOYBNUSDBearish soybeans with the break up the upward ML and high on the channel.
