Soybean is significantly above the psychologically key 900 whole figure level and downside channel in the daily time frame.
In the 4H chart, the upside channel is formed and we consider BUY soybean. The MACD also gives another reference to help confirm the trade.
We are waiting for the pullback to the structure support combine with 0.618 retracement.
In the 4H chart, the upside channel is formed and we consider BUY soybean. The MACD also gives another reference to help confirm the trade.
We are waiting for the pullback to the structure support combine with 0.618 retracement.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.