Corn Futures ( ZC1!), H4 Potential for Bearish Momentum Title: Corn Futures ( ZC1!), H4 Potential for Bearish Momentum
Type: Bearish Momentum
Resistance: 671.75
Pivot: 661.50
Support: 632.50
Preferred case: On the H4 chart, we have a bearish bias. To add confluence to this, price is under the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to possibly head towards the support line at 632.50 where the 50% fibonacci line is located.
Alternative scenario: Price may go back up to retest the pivot at 661.50, where the previous swing low is.
Fundamentals: There are no major news.
Agricultural Commodities
ZC1! Potential For Bearish ContinuationOn the H4 chart, the overall bias for ZC1! is bearish. To add confluence to this, price is below the Ichimoku cloud which indicates a bearish market. Looking for a sell entry at 662.75, where the 23.6% Fibonacci line is located. Stop loss will be at 685.25, slightly above where the 61.8% Fibonacci line is located. Take profit will be at 632.00, where the 50% Fibonacci line is located.
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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 zone / FIB 61.80% level 1063.56
Stop Loss @ Daily Support Level / FIB 0 % Level 728.20
Lot Size :
Portfolio Size 10000
Risk to Reward 1 : 1
Lot size 7 units @ 5% Risk
TP 1 = Total PIPS in gain = 81.18 Profit 7.73 %
TP 2 = Total PIPS in gain = 143.48 Profit 18.31%
TP 3 = Total PIPS in gain = 268.77 Profit 33.95%
Total PIPS in Stop loss = 66.59 Loss 8.24%
Short / Sell Trade.
Entry Level on break on Lower support Red line @ 787.73 to 784.71
Take Profit 1 @ Daily Support / FIB 0.% Level 728.20
Take Profit 2 @ Daily Support at 675.89
Take Profit 3 @ Daily Support at 610.30
Stop Loss @ Daily Support Level / FIB 23.60% Level 855.86
Lot Size :
Portfolio Size 10000
Risk to Reward 1 : 1
Lot size 8 units @ 5% Risk
TP 1 = Total PIPS in gain = 56.86 Profit 6.82 %
TP 2 = Total PIPS in gain = 107.84 Profit 13.62%
TP 3 = Total PIPS in gain = 174.41 Profit 21.97%
Total PIPS in Stop loss = 71.98 Loss 9.25%
Regards
Financial Wave. COFFECOFFEE
We love coffee, so we look the dynamics of its price.)
In previous reviews, we considered the possibility of coffee rising from $170-180, the price went a little bit lower, but the structure is still in line with our preferable scenario. Growth in wave (5) will bring the price to a new high, the first intermediate target of $200. Fixing the price below $160 will change our view of coffee.
Corn Futures ( ZC1!), H4 Potential for Bearish Momentum Title: Corn Futures ( ZC1!), H4 Potential for Bearish Momentum
Type: Bearish Momentum
Resistance: 672.50
Pivot: 677.25
Support: 661.50
Preferred case: On the H4 chart, we have a bearish bias. To add confluence to this, price is under the Ichimoku cloud which indicates a bearish market. Overnight price had bearish momentum downwards with price currently trading at 666.50 at time of writing. If this bearish momentum continues, expect price to possibly head towards the support line at 661.50 where the previous swing low and 100% Fibonacci lines are located.
Alternative scenario: Price may go back up and head towards the 1st resistance at 672.50 where the 78.6% Fibonacci line is located.
Fundamentals: There are no major news.
Corn Futures ( ZC1!), H4 Potential for Bearish Momentum Title: Corn Futures ( ZC1!), H4 Potential for Bearish Momentum
Type: Bearish Momentum
Resistance: 699.50
Pivot: 687.75
Support: 672.50
Preferred case: On the H4 chart, we have a bearish bias. To add confluence to this, price is under the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to possibly head towards the support line at 672.50 where the swing low is located.
Alternative scenario: Price may rise back up and head towards the pivot at 687.75, where the 38.2% Fibonacci line is located.
Fundamentals: There are no major news.
COFFEE Swing Long! Buy!
Hello,Traders!
COFFEE has been going down
For some time now and has lost 35,5%
From the recent highs, so I think
That coffee is oversold and as it is
About to retest the horizontal support
I think that the rebound is imminent
Buy!
Like, comment and subscribe to boost your trading!
See other ideas below too!
Corn Futures ( ZC1!), H4 Potential for Bearish Momentum Title: Corn Futures ( ZC1!), H4 Potential for Bearish Momentum
Type: Bearish Momentum
Resistance: 699.50
Pivot: 706.50
Support: 675.00
Preferred case: On the H4 chart, we have a bearish bias. To add confluence to this, price is under the Ichimoku cloud which indicates a bearish market. Overnight price had bearish momentum downwards with price currently trading at 682.75 at time of writing. If this bearish momentum continues, expect price to possibly head towards the support line at 675.00 where the 78.6% Fibonacci projection line and 0% Fibonacci lines are located.
Alternative scenario: Price may go back up and head towards the 1st resistance at 699.50 where the 78.6% and 23.6% Fibonacci lines are located.
Fundamentals: There are no major news.
COTTON // short idea in a nice short trendCOTTON is going south. There was a stop at a weekly technical zone, but it was broken badly, so I assume price is heading south towards the next weekly zone.
Trade safe! ⚪️⚫️
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ANYWAY, a lot of Qs about the direction of the price. But it doesn't matter.
WE JUST REACT!
Remember that trading is a business.
SIZE your TRADES according to your risk aversion!
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Corn Futures ( ZC1!), H4 Potential for Bullish Momentum Title: Corn Futures ( ZC1!), H4 Potential for Bullish Momentum
Type: Bullish Momentum
Resistance: 715.25
Pivot: 706.50
Support: 675.00
Preferred case: On the H4 chart, we have a bullish bias. To add confluence to this, price is above the Ichimoku cloud which indicates a bullish market. Overnight price had bullish momentum upwards with price currently trading at 693.2 at time of writing. If this bullish momentum continues, expect price to possibly head towards the Pivot line at 706.4 where the previous high and 100% Fibonacci line are located.
Alternative scenario: Price may go back down to retest the support line at 675.00, where the 100% and 0% Fibonacci lines are located.
Fundamentals: There are no major news.
CORN SELL IDEACorn has been on a downtrend for some time and this bear market is yet to complete. From analysis I predict further from current zone to the green lined zones currently below market.
Trade at your own risk, I am not a financial advisor, just someone who shares ideas and planned personal trades!
Corn Futures ( ZC1!), H4 Potential for Bearish Momentum Title: Corn Futures ( ZC1!), H4 Potential for Bearish Momentum
Type: Bearish Momentum
Resistance: 680.25
Pivot: 661.20
Support: 674.00
Preferred case: On the H4 chart, we have a bearish bias. To add confirmation to this bias, price is under the ichimoku cloud which indicates a bearish market. Overnight price had a bearish momentum downwards and closed below the 1st resistance line at 680.25 where the 50% and 38.2% Fibonacci lines are located. Expecting price to continue bearish and head towards the 1st support at 674.00 where the 38.2% Fibonacci line is located.
Alternative scenario: Price may go back up to retest the 1st resistance level
Fundamentals: There are no major news.
Corn Futures ( ZC1! ), H4 Potential for Bullish MomentumTitle: Corn Futures ( ZC1! ), H4 Potential for Bullish Momentum
Type: Bullish Momentum
Resistance: 698.50
Pivot: 661.20
Support: 680.25
Preferred case: On the H4 chart, we have a bullish bias. Overnight price had a small bearish retracement downwards. However, if this overall bullish momentum continues, expect price to continue bullish and head towards the 1st resistance at 698.50 where the previous high and 2 x 100% Fibonacci lines are located.
Alternative scenario: Price may go back down and close below the 1st support line at 680.25 where the 50% and 38.2% Fibonacci lines are located, and head towards the pivot at 661.50, where the previous swing low is located.
Fundamentals: There are no major news.
Corn Futures ( ZC1!), H4 Potential for Bullish Momentum Title: Corn Futures ( ZC1!), H4 Potential for Bullish Momentum
Type: Bullish Momentum
Resistance: 698.50
Pivot: 661.20
Support: 680.25
Preferred case: On the H4 chart, we have a bullish bias. Overnight price had a bullish momentum and went above the 1st support line at 680.25 where the 50% and 38.2% Fibonacci lines are located. Expecting price to continue bullish and head towards the 1st resistance at 698.50 where the previous high and 2 x 100% Fibonacci lines are located.
Alternative scenario: Price may go back down and close below the 1st support level and head towards the pivot at 661.50, where the previous swing low is located.
Fundamentals: There are no major news.
Corn Futures ( ZC1!), H4 Potential for Bearish Momentum Title: Corn Futures ( ZC1!), H4 Potential for Bearish Momentum
Type: Bearish Momentum
Resistance: 680.25
Pivot: 661.20
Support: 654.20
Preferred case: On the H4 chart, we have a bearish bias with price under the Ichimoku cloud which indicates a bearish market, adding confluence to our bias. Price is currently consolidating along the 1st resistance line at 680.25 where the 50% and 38.2% Fibonacci lines are located. Expecting price to continue bearish and head towards the pivot at 661.2 where the previous low, 100% Fibonacci line and 78.6% Fibonacci projection lines are located.
Alternative scenario: Price may go back up and close above the 1st resistance level and head towards the 2nd resistance line where the previous swing high is located.
Fundamentals: There are no major news.