In a rangeThis Pair AUDUSD has been in a range. When it breaks lets go ahead and either short it or go long.
Lets do a high risk high reward.
We can do a big lot size on this one as we are have a very tight stop loss with only 10 pips.
Rectanglebreak
Long Wheat on Technical Breakout from Rectangle PatternI went long on Wheat this morning in my paper account due to my original long commodity thesis. I am actively looking to add more commodity exposure to the portfolio, mainly because that's where I believe the outsized returns will come to home roost. On the weekly charts, wheat has broken through the rectangle pattern that spans back to August of 2017.
I set my stop loss at 4.06, which if hit, would indicate a false breakout and an incorrect implementation of my bullish thesis at that moment.
As always, let me know if you have any further questions or comments.
ZRX showing bullish rectangle, possible +50 percent return. 0x showing bullish continuation pattern.
Break out target 0.00020669
Stop loss at0.00012118
ADANIPORTS Short term Positional Call Adani Ports Trading technical call for short term
CMP 433.5, Closed Based SL 415 Targets 445 450 456
For Education purpose only
Capital First Short term positional callCAPF Capital First Limited Technical trading call for short term
CMP: 721, Closing basis SL 684, Targets 751 761 769
Technicals:
* Volume breakout
* Trend line breakout
* Swing high breakout
* Consolidation breakout
