SOYBEANS trade ideas
SOYBEAN Higher Time Frame Outlook on structureHello traders:
Looking at soybeans from the higher time frame perspective and its price action structures.
We see strong bearish impulse down from mid of 2018, and has been in this larger channel like structure ever since.
Price has been consolidating for these few years, and finally breaking to the top in the recent times.
What I like about the price from a structure point of view is that we just broke the previous top, but on the lower time frame the price broke up in a corrective structure.
I see this type of price action over and over again. Price breaks up, catching a lot of buyers, then see a strong sell momentum down.
I wouldn't be surprise to see some bearish impulse from the lower time frame, to bring the price right back into this larger channel structure, and we can potentially see the next bearish move from the top.
For now, happy to be a bit more patient, and wait for price to develop a bit more.
thank you
soy bean is facing a resistance at 9.81Soy bean is facing a resistance at 9.81, mau start falling from here.
First support area would be around 9.488.
Second support area would be around 9.274.
Personal sl was 9.95.
Soybeans - Short IdeaI discussed this long trade back in may, I now see the short.. it just kept riding up!
There it is.. highlighted on the chart.
SOYBEANS keeping pushing higher - another great RJT catchCaught using my RJT averages tool this SOYBEANS trade keeps moving higher.
84 points locked in (pink line - 0.8*ATR).
Currently 569 points in profit.
Waiting for exit signal (close cross of upper channel).
Continuation trade also executed and closed (continuation indication - TP white line) for 85 points profit (0.8 *ATR).
DM for more info/access.
Short Soy on Multi-year Resistance- AS TITLE SAYS;
- ON M. YEAR RES.
- LOOK FOR OP'S TO SELL SHORT
- TARGET OPEN 3400 PIPS DOWN
SOYA BEANS 🦐The price creates a nice Adam and eve pattern, we are waiting for a retest on the neckline.
According to Plancton strategy, we can set a nice order
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Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Soy Bean (Central Banks Can't Print Food!)View On Soy Bean (5 JULY 2020)
We had a big deflationary shock last March but moving forward, we will likely to witness inflation and stagflation in the coming months.
We are seeing that the food prices are going to go ONE Way. UP.
There will be minor pullbacks along the way but, it's better to stay on the long side only at this moment.
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month and weekly vibesshown on the daily - the monthy is orange of bearish and weekly is a potential new long vibration from the weekly chart
Soybean Bearish ForecastSurprising turn on Soybean chart; it looked like as if it would spark another bull-rise, but bears have come to play from a technical viewpoint, -the 8.800 is a strong "resistance zone", even my rsi reports bulls might have a chance to continue...maybe.
Bearish forecast; -the 2-hourly.
can man stop the seasons from happening?no, ok...well we do not control the markets. we have IMPACT, but not control. very different.
