Support is closeRising support line just above 8.75 and indicators reaching oversold. A bounce at support provides a potential long entry.
SOYBNUSD trade ideas
SOYBEAN (SOY/USD)The soybean market is moving in a gradual uptrend and forming a channel. However, there is an opportunity for a short position because of a bearish flag pattern forming and the fact that the price is nearing the channel resistance. Also, the price could form a double top pattern as suggested by the red rectangle forming a horizontal resistance zone.
Hidden Bullish Divergence on SoybHidden bullish divergence, higher lows and higher highs. Technicals oversold. Short term target 8.86. Longer term target 9.20, 9.40, then 9.60.
SOYBEANS: WAVE COUNT / WXYXZ (TRIPLE THREE - BULLISH ) SOYBEANS: WAVE COUNT / WXYXZ (TRIPLE THREE - BULLISH ) OR WXY (DOUBLE THREE - BEARISH)
Soybeans: Looking For More UpsideComments on the chart
This idea is tosh if price breaks below the lower uptrend line
Soybeans Buy setup developing
Soybeans recently broke out to a new high and managed to spend some time above the 9.00 mark before the 200 day moving average and the top of an ascending channel forced price back down. It is now stalled at confluence fibonacci support and a parallel of the lower trendline of the ascending channel, with the bottom of the channel very close below. An aggressive approach would be to buy in at the appearance of a positive closing candle. Otherwise a more conservative approach would be to wait for a daily close above the 50 day moving average. Given the time of year the conservative approach seems to be the more appropriate option. Initial target will be 9.00 and a break below the channels lower trendline would invalidate the bullish bias.
Shorting soybeansThe high may be the top of intermediate wave 4. Looks like a double combination since the selling climax
Expect the market to test the low of the range in an impulsive 5 wave move down into a spring.
Short SoybeansSL @ 9.266
TP1 @ 1:2 RR
TP3 Trail SL
Soybeans has reached it's 6 months upper range. Don't over capitalise in this short, price tried very hard to break to the upside of its range earlier but didn't succeed. Wider SL than usual (placed above weekly upper true range) due to volatility. Look to carry the trade to the trendline.
The FUTURE High / Low price swing dates for SOYBNUSDThese are the FUTURE dates for SOYBNUSD (Soybeans) with the highest probability for making a price swing high or low. Apply your own indicator(s) to determine the price swing direction.
As mentioned in other posts, The Djinn Predictive Indicator is for SALE.
Equations for all time frames are included , with the exceptions of the 1 minute time frame and the 5 minute time frame. These time frames will not be included in the sale.
The price is 10,000,000 XRP. I will accept Monero. However, if you pay in Monero the price will be twice the price of XRP at the time of purchase.
The FUTURE High / Low price swing dates for SOYBNUSD These are the FUTURE dates for SOYBNUSD with the highest probability for making a price
swing high or low. Apply your own indicator(s) to determine the price swing direction.
SOYBEANS BUY (SOYBEANS – US DOLLAR)Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
Soybean (SOYBNUSD) is ready for a break out of the wedgeAfter showing a sharp movement, SOYBNUSD is accumulating at the top of the wedge and ready for a break out. Watch it tightly to catch a next movement.
Ideal entry at 8.8, short term target at 9.3, stop loss at 8.6
CFD SOYBNUSD Pending Buy OrderCFD SOYBNUSD Pending BUY order
A BULL FLAG pattern is formed by the consolidation.
Focus on trading upside breakout . I place Two Pending Order's!!!!!
Good luck!!!!!!!!
