XW1! trade ideas
ZW1! DAILY SHORT TRADE PLAN IDEAZW1! SHORT DAILY
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Analysis:
Big time frame
-Weekly has the Price Action confirm for down trend. Pls refer the image below
Trading time frame
-Daily has big bear bar breakouts the small flag pattern and reject tenkan & kijun, confirm trend will down
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Action:
-Wait: Price Action
breakouts the daily support will open SHORT TRADE
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analysis of te chart of the wheatdo not purchase until we broke the rectangle
contact for informations
ZW to SELLChart patterns and other technical analyses indicates that we have a big probability that ZW will fall.
It's Friday, just take profit from yesterday signalThe market did exactly what we expected yesterday, as we see the strong down trend resistence push it to DOWN. Just take profits, have a good week end ! See you on Monday !
Wheat Futures have broken out the top of an ascending triangleI expect a retest of the breakout level then bounce, or I just proceed up to the target
ZW Down ?In my opinion, and due to my technical analysis I see an upcoming strong sell from this point
Separating the Wheat from the...Corn?We like being long $ZW_F vs. short $ZC_F as both a short-term trade and and longer-term play. Corn has experienced a resurgence thanks to the huge rally in $CL_F prices while wheat have found rock-solid support at $490 per bushel and reclaimed an uptrend line going back to last March. Ratio should be 3:2 in favor of corn contracts.
WHEAT FUTURES (JUL 2020) if you like the idea or have any opinion on it ,write on the comments ;I will be glad
