SOY1! trade ideas
BUY SOYBEANSOYBEAN is heading toward the 903 level. If it breaks it, there is a high probability for it to test the PINK trendline and even breaks it to attain the YEARLY HIGH price of 961.
This price is very important for SOYBEAN market. If it breaks it again, there is a high probability for the price to skyrocket to the higher levels in YELLOW (1010,2) ORANGE (1069.2) and RED (1179.6).
ZS1! LONG TRADE IDEAEURAUD H4
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Analysis:
Big time frame
-Weekly has Price Action signal - big bull bar breakouts the daily resistance so the trend will go up to test the supply zone
Trading time frame
-Daily has big bull bar breakouts the daily resistance and pin bar rejected daily resistance, tenkan sen & kijun sen . The movement will go up to test the supply zone 1st
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Action:
-Wait:
1. Kumo cloud change color in daily time frame to confirm
2. RRR 2:1
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Bigger time frame weekly chart:
ZS1 Soybeans Expect many to dismiss this as few trade Soybeans but I'll be LONG soon somewhere around 818-811. This trade has small downside risk with reasonable STOP and a nice upside target of $3000 +. There is a Larger Bullish Gartley behind this historically that gives even more upside. Many grains are showing bottom signals and this is the first BUY in some time. Good trading guys & gals! China has been buying US Soy and getting bargains. One could consider "SOYB" ETF as well.
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