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ZSN2021

Week 26: ZSN2021 Consolidation weekIf you are still holding your short position from last week, it is time to manually close it. The price was stopped at $13.28 area where it formed "W" or mini double-bottom; does this mean a reversal to be bullish? My upper limit is at $13.82, if the price breaks and close higher that $13.82, then YES, it is likely to be bullish. However, if the price broke the yellow box / support level, then downtrend will continue. Therefore, this week we just wait until it breaks, then we follow the market direction.
CBOT:ZSN2021
by machintose
Week 23: ZSN2021 Be ready to short at $1585Last week price broke the channel and continuing upward consolidation. Yesterday we saw an aggressive move by the Seller, however, it doesn't mean that the price will plunge straight-away. However, feel free if you want to short it now; in my view, the best level to short is at $1585 level/area. That's where your RR is more favourable. So here is the signal for our discussion: Pending Short Order at $1585 Stop Loss at $1616 Take Profit at $1530 RRR = 1.56R Good luck!
CBOT:ZSN2021Short
by machintose
3
Week 21: ZSN2021 Let's flip it in the swap zoneOur trade last week was successful, it takes a week to finally hit our Profit Target. Now the price is reaching the flip zone or demand zone; I would anticipate the price will have some rejection in this area. This week we will LONG ZSN2021, here is my trade: Buy now at market SL is at $14.86 TP is at $15.45 RRR = 2.45R Always move your SL when: 1. You see a higher low, and ... 2. Your position is in the profit area. Hit me in the comment below for a discussion if you have any questions.
CBOT:ZSN2021Long
by machintose
1