SOYBEANS trade ideas
SOYBEANS FUTURES POTENTIAL LONG OPPORTUNITY Hey everyone! Hope you are having an absolutely amazing week so far! I just wanted to get on here and leave a post about Soybeans futures contracts to give all my potential fellow traders of all markets some good analysis! So let's dive in!
OK so when looking at the soybeans futures you can see that recently in the last couple months a couple things have happened that have led me to believe for another potential upside push in soybean prices. When looking at the charts you can see prices coming down for some time...multiple months. And then when price had reached the $1,130 zone something had actually happened. We had seen a failure to move lower in price (showing increase in demand) followed by new multi-month highs leading to $1,240-$1,245 in price...beating even the 2024 January highs so far. Now prices haven't fully held beneath those highs yet. But with price showing the buyer interest it has with the strong momentum which = interest in this commodity. Alongside all the technical confluences we have seen in price. I think we can definitely see a reaction from demand around $1,175 if not a new push to upside supply around $1,280 price handle.
SO keep an eye out on soybeans futures may see some potential to the upside. Also watch the seller momentum as it comes down into demand. We do not want to be trading if seller shows too much dominance (momentum) coming into our level. Remember we want to trade with the big boys not against them.
Cheers! Please boost this post and follow my page for more multi-asset analysis! God Bless!
Soybeans with an attractive technical set-up#Soybeans EASYMARKETS:SOYUSD
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SOYBN/USD Short and SUGAR/USD ShortSOYBN/USD Short
Minimum entry requirements:
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
SUGAR/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
Soybeans: LongToday's session marks the beginning of the second up-wave in soybeans. The ultimate target seems to be around the 1305–1310 level. This move begins now and may possibly extend to the end of June or early July.
A wide stop is recommended to allow the trade to play out. A close beyond 1189 would nullify this trade, and losses should thus be taken.
Stay tuned for updates.
SOYBN/USD ShortSOYBN/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
EUR/NZD Short, WTICO/USD Short and SOYBN/USD ShortEUR/NZD Short
Minimum entry requirements:
• Tap into area of value.
• 15 min rejection or phase line break.
WTICO/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
SOYBN/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
WTICO/USD Short and SOYBN/USD ShortWTICO/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
SOYBN/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
SOY cluster support is here! 🔥seeing strong trend/local support zones, a bounce here and rally to 1476-1604 targets is very possible scenario!
break below 1127 is invalidation and we can expect dip before more rip..
boost and follow for more.. thanks 💝
SOYBEAN A TURN AROUND INTO BULL RUNThe soybean seems to be entering the Bull Run depending on the technical and fundamentals. The Divergence is seen on the RSI charts; Wherein the Seasonality and smart money positions are also signaling a possible turn around into a bull run for the SOYBEAN.
What are your views ????
Soybean Prices: Prepare the Planet Uranus for a Wild RideSoybeans, those humble legumes that power our burgers, biodiesel, and even some makeup, are about to get a serious adrenaline injection. Buckle up, buttercups, because the soybean price rollercoaster is about to take off, and it's not gonna be for the faint of heart.
The quarterly report is done, bearish as fiddlicky shizzer. Good riddance out of the way. It seems that all the bearish news have been priced in already.
We are looking for a reversal at around 1130-1160 area and then we long it to the TITS. A month holding time give or take, taking calls strike at 1300.
Soybeans, we see an UptrendHello investors, I share with you my thoughts on soybeans. Currently, in a strong decline, I have filtered out the next long position for you. Entry and finish positions are marked. I myself trade these raw materials without risk x1, but also partial profits up to x10. Good luck
Soybeans the 2.Unfortunately, the first trade didn't reach the starting price, but I got in later myself. The first version of the trade is now very likely to be true.
Buy at 1320-1330
Stop at 1310
Soybeans buyBuy Soybeans at 1320-1330.
A fast Shorttrade, my last Signal.
Target for Long 1406, good luck
Soybean | price in a strong resistance zone!Strong resistance zone : 1375-1380
a reversal is highly probable...
DYOR & Good Luck!
Next wave for SoyabeansHere is my idea based on the daily chart. Currently this idea is only for technical reasons, I will explain this idea of the complete 4h route in more detail in 2023.
SOYBEANS Supply And demand Buy Long Trade Setup AnalysisSee picture above for top-down analysis but I'm personally bullish with HTF correlation + LTF.
SOYBEAN - IMMINENT SELL OFFSOYBEAN FUTURES - MONTHLY SUPPLY AND DEMAND ANALYSIS
Soybean sold at Monthly Supply Zone -> Destiny: Monthly Demand Zone
I suggest make the following probable trades:
- Sell Soybean until reach Monthly Demand zone
- Buy Soybean from Monthly Demand Zone until Monthly Supply Zone
SOYBN/USD LongSOYBN/USD Long
• If price impulses up, it does so in a convincing manner and a subsequent tight flag forms, then I'll be looking to get long with a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
A position trade on the daily chart of Soybeans CASH/FUTURES ZSFBasis the Kondratieff cycle position we are currently in the summer season (The season of high inflation) which means higher commodity prices. If the preceding Kondratieff cycle is used as a reference or analog we will realize that during the early portions of the summer season agricultural prices advanced the most up to a point (1973) which was then followed by a bull market in precious metals after a relatively minor bear market. For now the structure on agriculture is quite clear for the coming year or two. We see the main trend as up with significant resistance at the all time high which marks the top end of a range that we have been in since the 2008 high was realized. I believe that we are now in intermediate degree wave one of primary wave 3. I hypothesize that minor wave 3 has begun as of the lows experienced on the 28th of June. We are likely to continue on higher from current levels to test the all time high experienced on Soybeans CASH and Soybeans futures.
$SOYBEANS - Symmetrical Triangle BreakoutJust a clean setup:
1. Textbook symmetrical triangle pattern.
2. Breakout below the lower side of the triangle.
3. Price trading below the key EMA
4. Upcoming areas where the bulls are expected, as highlighted.
5. Wait for candle closure for confirmation.
6. Remember that no one holds a crystal ball. The future is unknown, reality is too complex. This is why despite all the efforts to stack teh odds on your side as a trader, properly managing risk is your number one priority at all times. The name of the games is "staying alive to benefit from long term exposure to good odds and luck.""
Cheers,
Tenacious Tribe - Back Tested, Quantified Trading Strategies & Studies
SOYBN/USD ShortPositive Confluence Factors... (12)
1. LTF and HTF direction in alignment? ✅
2. At edge of HTF structure (in green zone)?
3. HTF candlestick confirmation? ✅
4. Trade setup visible on multiple time frames? ✅
5. Break out of structure and a break back in present?
6. Near miss present (below price if looking to get short, or above price if looking to get long)? ✅
7. Reliable looking sequence of flags present (if looking for further continuation)? ✅
8. Correction/s I'm looking to get long or short within and/or on the break of proportionate to preceding impulse? ✅
9. M style pattern present?
10. Structural approach to area of value?
11. Fairly flat structure present? ✅
12. Expanding pattern present? ✅
13. Equal spacing present?
14. Clearly identifiable middle section present? ✅
15. Head and shoulders pattern present? ✅
16. Decent R:R available? ✅
17. No hook point sat just beyond stop loss?
18. Protection available for your stop loss? ✅
Negative Confluence Factors... (2)
1. Counter to HTF trend?
2. Not at edge of HTF structure (in red zone)?
3. Trade setup only visible on one time frame?
4. Price only wicked to area of value on multiple time frames?
5. Near miss present (above price if looking to get short, or below price if looking to get long)? ❌
6. Unreliable looking sequence of flags present (if looking for further continuation)?
7. Correction/s I'm looking to get long or short within and/or on the break of disproportionate to preceding impulse?
8. Squeeze present (structure not parallel or expanding)?
9. Fairly steep structure present?
10. Very unequal spacing present?
11. No clearly identifiable middle section present?
12. Excessively voluminous middle section present?
13. Limited R:R available?
14. Hook point sat just beyond stop loss? ❌
15. Entry around swap hours?
16. Entry directly before major news announcement?
SOYBN/USD ShortPositive Confluence Factors... (12)
1. LTF and HTF direction in alignment? ✅
2. At edge of HTF structure (in green zone)?
3. HTF candlestick confirmation? ✅
4. Trade setup visible on multiple time frames? ✅
5. Break out of structure and a break back in present?
6. Near miss present (below price if looking to get short, or above price if looking to get long)? ✅
7. Reliable looking sequence of flags present (if looking for further continuation)? ✅
8. Correction/s I'm looking to get long or short within and/or on the break of proportionate to preceding impulse? ✅
9. M style pattern present?
10. Structural approach to area of value?
11. Fairly flat structure present? ✅
12. Expanding pattern present? ✅
13. Equal spacing present?
14. Clearly identifiable middle section present? ✅
15. Head and shoulders pattern present? ✅
16. Decent R:R available? ✅
17. No hook point sat just beyond stop loss?
18. Protection available for your stop loss? ✅
Negative Confluence Factors... (2)
1. Counter to HTF trend?
2. Not at edge of HTF structure (in red zone)?
3. Trade setup only visible on one time frame?
4. Price only wicked to area of value on multiple time frames?
5. Near miss present (above price if looking to get short, or below price if looking to get long)? ❌
6. Unreliable looking sequence of flags present (if looking for further continuation)?
7. Correction/s I'm looking to get long or short within and/or on the break of disproportionate to preceding impulse?
8. Squeeze present (structure not parallel or expanding)?
9. Fairly steep structure present?
10. Very unequal spacing present?
11. No clearly identifiable middle section present?
12. Excessively voluminous middle section present?
13. Limited R:R available?
14. Hook point sat just beyond stop loss? ❌
15. Entry around swap hours?
16. Entry directly before major news announcement?
