Wheat Long 1. Bullish engulfing initiates support
2. Bullish engulfing confirms support
3. Double bottom established
4. First target and double bottom measured move at 720
5. Second target at 800
Key data points
Volume
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Previous close
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Open
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Day's range
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Wheat Long1. Bullish engulfing initiates support
2. Bullish engulfing confirms support
3. Double bottom established
4. First target and double bottom measured move at 720
5. Second target at 800
WHEAT accumulation is ON... /\WHEAT is on accumulation mode at the moment. The prospect for a big price shift is very high from a weekly perspective.
A revisit to 1k levels is possible within the year.
SEEDED L at 674.0
TAYOR.
Upside in wheat possible - 4 bottomsQuadrupple bottom forming in wheat with a higher high in the short term momentum.
Note that testing horizontal support for 4th time is also a sign of weakness.
However, the new high wave suggests upside is possible.
Play your entry and stops wisely.
Wheat Long flag PatternHere are few points i am looking for long entry
1. Down trend finished
2. Price bouncing off a strong level 708-711
3. Pole starting point showing us strong momentum
4. Good Risk and reward trade
5.Keep im mind todays are US holiday keep an eye for weak break out / fake out potential
6.Strong b
Wheat Cash CFD Trade Plan - Long & Short Hello Traders;
Wheat Cash CFD - Globalprime
Trade Plan.
Long / Buy Trade.
Entry Level on break on upper support blue line @ 810.92 to 794.79
Take Profit 1 @ Daily Resistance / FIB 23.6% Level 855.86
Take Profit 2 @ 4 Hour Resistance / FIB 38.2% level 938.27
Take Profit 3 @ 1 Hour Resistance z
Wheat - ZW | Long IdeaHere I lay out my trade idea for Wheat.
Given Global Macro events, technical patterns and indicators, I see a long here.
3:1 RR
1% Risked.
Let's see where this goes!
See all ideas
