Wheat low risk Zone...Wheat is in low risk zone price...
First targets are clear and in any recession or war extension, it can meet higher prices...
Wheatlong
WHEATF | Wheat Poised for a Rebound!👋 Good day, traders!
📈 After a two-month decline on the D1 chart, WHEATF has found support at the 540 level. Given its month-long accumulation phase and the completion of its downtrend, a breakout above the 587.75 resistance level could signal a rally towards target levels of 615.00, 660.00, 695.00, and 732.00. Consider buying entries around the 595.00-600.00 range, targeting potential profits of 3.3% to 23.0%, with a SL set at ~565.00.
✅ Give a 👍 if you're keen on more insightful and profitable trading ideas❗️
❓ I'd love to hear your thoughts. What's your take on this?
DISCLAIMER:
This idea is purely informational and educational. It's not a trading recommendation. Each trader should analyze and make decisions based on this information independently.
Wheat: Time for the turning point ⤴️🚀The recent downward movement has brought the wheat price into our blue trading zone and thus the minimum requirement of the current blue corrective wave (b) has been fulfilled. We expect it to go a little lower, but gradually the price should now form the end of the wave, allowing long entries. In the further sequence, we see the price rising above the resistance at USX 807.25, where we locate the high of the turquoise wave A. However, if the bears dominate and push the price lower, there is a 25% chance that the price will fall below the USX 611.25 support level, which buyers may want to keep in mind.
#WHEAT 🟢 M5 LONG
Medium-term deal on Wheat.
Entrance to retest M5 imbalance
The trend is downward, but the imbalance requires a corrective movement
input: 668.3 (on imbalance retest)
stop: 664.1
tp-1: 672.6
tp-2: 681.1
Wheat Long flag PatternHere are few points i am looking for long entry
1. Down trend finished
2. Price bouncing off a strong level 708-711
3. Pole starting point showing us strong momentum
4. Good Risk and reward trade
5.Keep im mind todays are US holiday keep an eye for weak break out / fake out potential
6.Strong break out bar AS required !!
$914 is the next destination!After a 3drive in the daily TF and reaching the origin of the upward movement, there is an expectation of a rise to the $914 zone. Before that, $883 will appear as an important resistance.
So don't forget position management...
Bounce?!Looking to take a bounce rejection from that 1000 zone. If price on daily shows retardation will buy it targeting blue zone.
WHEAT CONTINUES RALLY2022 is not a typical year for the WHEAT. Not only it is a staple food for a big portion of the population, but after the beginning of the Ukrainian-Russian conflict, the supply of the commodity in Europe and other parts of the world is less than secure. It is expected Russia to use the wheat as a political weapon against countries that oppose its actions.
That combined with the inflation the world is currently experiencing can suggest that the price of the commodity will keep rising.
Both MACD and RSI are confirming the continuation of the bullish trend. If the rally continues, the price will test its previous high at 1347.19 USD. On the other hand, if predictions do not come to fruition and rally reverses, the price will first test its gap level at 1187.97 and then eventually its previous support at 1028.44
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
May 15, 22 Wheat time for a Buy?So I put a Buy Order in at 1050 on Friday and it closed a little above that . We shall see this week if the trend continues up or not.
I'm thinking it could finish off around 1300 this week before the long weekend. I'm thinking that will be my TP - 1300.
Also, the AO indicator ended on a Green note so that's good - hoping it will continue to go up :-)
I'll keep you updated as the week progresses.
Heiko
WHEAT LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on WHEAT during those times of STAGFLATION on the long term premise i see wheat price going higher making a new ath. Commodity price should rise during those times of ,,incoming reccession,, .
What do you think ? Comment below..
Apr 5, 22 Wheat Go Long My FriendsI've been watching whaet for a while now waiting for a bottom. Hopefully last week was the bottom. I put a Buy Order in at 1000 on Friday and wheat is slowly moving up.
With the war and drought going on, spring planting is screwed in Ukraine and Russia which account for about 25% of the worlds wheat.
I'm in this one for the long haul - hoping wheat will keep going up to 1300, maybe higher once the world realizes there is going to be a massive shortage.
Stay safe.
Heiko
Wheat - 2 long / 2 Short scenarios - Good bread takes timeGeneral
Wheat seems to generate a nasty SFP. It took out the recent Swing High and then dropped over 22%. With the monthly close coming soon i could image it going lower before finding support.
I marked 4 Scenarios which i would be happy to take either.
1. Long (Blue arrow)
Price moves to the red rectangle (area 1), finds support and "generates a swing". Price goes lower before breaking above the generated swing where i would then look on a LTF for an entry.
Target: A bit under the range high
SL: Depending on the LTF entry i wouldnt want to see it going lower than support
Invalidation: Price breaking under area 1
Time duration: Days, weeks, months, years... ;)
2. Long (Orange arrow)
Price moves under area 1 but manages to retake it. Enter on retest of area 1.
Target: A bit under the range high
SL: A bit under area 1
Time duration: Days, weeks, months, years... ;)
1. Short (Red arrow)
Price moves under area 1 aswell level 2. Enter on retest of level 2.
Target: The next big support level (Also in confluence with the 50% of the lower range.
SL: A bit above level 2
Time duration: Days, weeks, months, years... ;)
2. Short (Yellow arrow)
Price breaks under area 1. Enter in LTF on retest.
Target: The next big support level (Also in confluence with the 50% of the lower range.
SL: A bit above area 1
Time duration: Days, weeks, months, years... ;)
Good luck
ridethepig | Wheat for the Yearly Close📌 @ridethepig ZW1! Market Commentary 17.12.2020
For buyers the breakout creates the typical starting point, one we have seen many many times before. The fact it is happening on the monthly chart is very telling, this is threatening to impulsive explode to the topside via shortages on the supply side from lockdowns and contractions in globalisation.
Whatever may be the case on the climate side (and I am certainly no expert here) it has been one of the biggest crops on year for Russia. Fertile farming at its best... Tracking closely the 600 support, for a move towards 900 and 1350 ... watch out for any battle against this in the coming weeks as we enter into a commodity cycle.
Thanks as usual for keeping the feedback coming 👍 or 👎
WHEAT SHORTS 📉📉📉📉 Expecting bearish price action on WHEAT as price should retrace back to fill the BULLISH GAP'S, we are in a bullish market strucutre on a HTF but right now i expect the retracement
What do you think? Comment below..
Mar 7, 22 Wheat back up - BUY OppWheat came down for the first time in over 5 sessions so I was looking for a pullback and then I could hopefully get into a Buy Order. I did put in a Buy order at 1250 less than an hour ago.
Markets are crazy wild with prices moving a lot. Like I have said all day today, I believe over the next 2 weeks Wheat and Corn will continue to go up. Definately there will be some volatility, but I think price will go up and I will make some money.
I will keep as close an eye as I can on these trades (I have to sleep sometime), but I will keep my stops further away for these trades so I don't get caught.
Trade well and stay safe.
Heiko
Wheat: extreme levels and it will continueIt doesn't matter its overbought, the price continues rising. The war can create one-time only events in the markets. We've seen the Russian Moscow Exchange closed for more than 1 week, USD/RUB skyrocketing and commodities such as Wheat going up completely out of control. We bought Wheat more than a year ago and we've added more volume as the uptrend continued, but seeing these events, we increased even more volume 2 weeks ago and we will continue to do so as this Ukraine-Russia crisis keeps escalating. In European countries, depends a lot on Wheat from Ukraine, and that was completely halted since the beginning of this war. Also, according to some food producers, they have stock for 2 months tops. They don't have an alternative solution for this. Food prices are going up, and if this war continues, many food produces in the EU will not be able to produce wheat-based food in normal figures. The situation is very critical at this point. Disruption could last half a year at minimum. We hold it and add more volume daily as long as this crisis continues.
WHEAT SHORTS 📉📉📉This week i expect bearish short move on WHEAT as price finished its impulsive movement on the bullish market strucutre, price made a lot of bullish gaps on its way to the current price meaning it will go lower soon to fill those gaps.
On a long-term basis i am still bullish and i will look for LONGS once retracement ends, this is kind of a risky counter-trend trade.
What do you think ?
WHEAT LONG-TERM LONGS 📉📉📉📈 I just wanted to share with you the reason behind the big bullish move on WHEAT, Ukraine is the country that exports the most wheat in the Europe so the price will rise because of the supply damage. Also as we are in a RISK OFF market sentiment investors tend to buy this asset as they are thinking about PROTECTION both on money and themselves. I think we will see wheat way above 1200-1300$ if the military conflict it will continue. From a technical perspective we are in a clear bullish market structure as price keeps printing higher highs and higher lows
What do you think ?
wheat ideaHi friends,
wheat long to 618 as new wave 1 of the 3, then down for wave 2, the count will be 1 2 1 2, will update it when it done after that boom 3rd wave.
do not forget to follow me ^^
Rally in Wheat will continue. Possible entriesYou know I am a big fan of commodities and especially tight markets like wheat, live cattle, etc. These instruments are less manipulated and less speculative. Usually, they follow their setups very well. Getting above Friday’s high is potential swing entry. We have a triangular formation on the daily chart. Sometimes price makes false breakdown before the rally. So, it is another potential entry, if that happens. Wheat has a strong seasonal tendency to rally till September.
Rally in wheat is not done yetWheat futures rallied last week as it was expected. Congrats on your profits! Wheat is one of my favorite instruments. It follows setups very well. Many traders focus on more volatile instruments. But that is wrong. As traders, we have to be focused on a less speculative instrument that gives a better risk/reward ratio. I believe the price will retest recent highs near 570. But this market needs some breath. It is overbought on smaller time frames. However, Wheat is a very tight market. Usually doesn’t give big pullbacks. I continue to look for and take buy signals in this market.
