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richard7_

Soybean retracting to 0.618 fibonacci levels. Looking for 1325

Long
SOYBEAN CFD (FOREXCOM:SOYBEAN)  
richard7_ Updated   
FOREXCOM:SOYBEAN   SOYBEAN CFD
Technical Indicators Wave Analysis Trend Analysis
2
0
indicator waveanalysis trendanalysis
After a good impulse, Soybean has retracement the 0.618 fibonacci levels and now I expect to continue its travel to 1,325 aerea. Risk-Reward are very attractive.

Good luck
Trade active:
Open positions at 1,208 area
Comment:
Moving SL to 1,201
Comment:
Movin SL to breakeven
Comment:
Moving according with the plan, i hope the target will be reached maybe this week. Good luck
Comment:
I expect will break the 1,250 resistance and then start to accelerate to complete the movement sometime next week. Good luck!
Trade closed manually:
Today can't break the 1255 resistance so I expect a decline in price again.
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