Wheat:
After price left the woods it advanced rather impulsively which initially made us decide that we were too late to take the ride up and that we should rather let go. In meantime price has made a reversal in order to test the break-out zone where it more or less has arrived at the close of last Friday.
It seems that the market is offering us a second chance now which we will make use of at 492 with a stop at 481 basis EOD.
After price left the woods it advanced rather impulsively which initially made us decide that we were too late to take the ride up and that we should rather let go. In meantime price has made a reversal in order to test the break-out zone where it more or less has arrived at the close of last Friday.
It seems that the market is offering us a second chance now which we will make use of at 492 with a stop at 481 basis EOD.
Trade active
We had a fillTrade closed: stop reached
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Related publications
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.