Wheat loosing power, its price is going downWe can see the 600 as a target over the next weeks.Shortby DarkNight_2
EUR/JPY, USD/JPY, USD/CAD and WHEAT/USD on watch for me today.EUR/JPY: • If price pushes up to and ideally just above our upper rayline, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If price pushes down, it then pushes back up leaving us with two fairly horizontal bottoms and it continues to push up to and ideally just above our rayline, then I'll be looking to get short with a risk entry after a phase line break on either the one hour or the fifteen minute chart if the last part of the move is corrective. • If price pushes down, it then pushes back up leaving us with two fairly horizontal bottoms, it continues to push up to and ideally just above our rayline and it does so in an impulsive manner, then I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short on the break of the flag. • If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place any of these trades. USD/JPY: • If price pushes up to and ideally just above our rayline and the last part of the move is corrective, then I'll be looking to get short with a risk entry after a phase line break on either the one hour or the fifteen minute chart. • If price pushes up impulsively to and ideally just above our rayline, then I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades. USD/CAD: • If price pushes down to and ideally just below our rayline, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with a reduced risk entry on the break of the flag. • If price impulses back up, it does so in a convincing manner and a subsequent tight one hour flag forms, then I'll again be looking to get long with a reduced risk entry on the break of the flag. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades. WHEAT/USD: • If price pushes up to and ideally just above our rayline, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place this trade. 19:38by StewySongs6
Time to buy wheat fitureWe have to strong trend lines here. consider short strategy with SL = 627Shortby aminhedayati700
WHEATUSD - Descending triangle Descending triangle on WHEATUSD, short only if there is a confirmed breakout of the support of the pattern.Shortby forex_solution_0
Wheat short Holding a short on wheat. Looking for a bearish flag formation after that impulsive leg and then possibly entering a second positionShortby UnknownUnicorn97554291
WHEAT Weekly Timeframe UpdateWheat Futures has hit new highs over the Q4 period and we enjoyed the Bullrun as expected, but now it's time to prepare a major correction. Regarding the chart, I have analyzed that Wave 3 more or less has completed its cycle. Please be extra cautious and allow room for price to reach the $700 area before deciding on making short positions. The area in which the correction should take place is between the $700 & $610 area. We must apply Ralph Nelson Elliot's alternation for this correction. Please pay attention to Wave 2 on the intermediate cycle as you can see it is a fairly simple zig-zag correction. Therefore, we have a high chance and probability that Wave 4 will be complex & we can anticipate a Flat or Triangle correction. Shortby cmachinafxUpdated 221
As expected wheat arrive to 633 dollarsWheat get the first target after downtrendline break as expectedby MUSTAPHA_AIT_ZAABOUNE111
Wheat future respected exactly the double top patternAfter neckline break, the wheat arrive exactly to double top target...by MUSTAPHA_AIT_ZAABOUNE1
Wheat future continue upAfter the break and pullback on 650 dollars the wheat will continue upby MUSTAPHA_AIT_ZAABOUNE111
Wheat Market OutlookHi Traders The wheat market is under the control of bulls. We Will see some further potential up move of the price of the wheat market. Thank you and trade safely. Longby Priceaction7763
divergence of wheat Future 2 signals to sell the wheat : divergence in RSI and head & chouldres patternby MUSTAPHA_AIT_ZAABOUNE1
Wheat possible head and shoulders break.Hi, I think this is a break of the head and shoulders pattern, Corn broke out this past week, soybeans have been running really strong for a while. I think it might be wheats time to move.Longby jademarvici1
Wheat time to come.. soon !On a larger scale, it seems ABC correction (2) is over. I counted ABC correction wave in smaller time frames. I think Wheat started its up-trend. TP points are shown on the graph. If requested, smaller time frame targets can be analyzed. I think in 2021, wheat price will accelerate because of supply shortages due to pandemic. Just an idea. Happy hunting !Longby shalafister1
Wheat Bull Run #WHEAT2021Wheat could potentially break a new record high in the new bull run.Longby cmachinafxUpdated 226
WHEAT Break and RetestPrice has broken above the daily falling trendline resistance area and has come back to retest and confirm it as new support. This test/rejection also coincides with the 50% fib expansion level. I'm looking for a potential move to the most recent swing high for my first target. If that level holds, then I will more than likely trail up my stop or close the position. If price continues through the level, then I will use the 161.8% fib level as my potential second target.Longby KH2_Artizan222