Soybean - 2 possible entriesWe already talked about coming decline in Soybean and finally, we are close to an entry. Commercials are heavily short and evaluation index shows Soybean is overvalued. If on Monday, we break below Friday’s low to form a lower high, that’s our entry. Otherway, wait till trendline breaks.
MZL1! trade ideas
weekly SOYBEAN FUTURES analysisHello everyone
the weekly graph of this market shows the downward trend in the next week but it is necessary to wait for the breakout at 858.05 level for seller entry and be sure of gains
also we must be vigilant of the change in the direction of the market
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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: