SOYF trade ideas
Soybean#Soyf H1 Buy
Soybean
ID : 5-14
At : 872.3
SL : 864.0 - Risk 83 pip
TP : 891.1 - Reward 188 pip
Date : 2019/08/30
Soybeans Fake out?Like what I am seeing here on Soybeans. We have a fake out indicated by the long wick at a very big support zone which can also be seen on the longer term charts.
This interests me because of the long downtrend with multiple waves we have been in. You can also say we have created a double top too. Waiting for a break of the lower high swing and also a flip zone at 8.51. Will provide more context and confluence for out trade.
Many will be inclined to stay away due to the US-China trade war. However, China NEEDS food. They have had their pig population decimated due to the flu and the government is subsidizing pork prices. They do have a food problem and even though tariffs may be implemented, China requires food. Brazil and Russia may be the agricultural winners here.
Soybean short 8pm EST at market BUTwait for the spread to tighten. Stop @ 863.90
The price on these charts ar 100th of my trading account which makes it around 8.6390 Always use a stop loss and protect your working capital.
Possible outcomes for Soybeans tradingAs from the current chart configuration, soybeans show us 2 possible outcomes. OANDA:SOYBNUSD is downtrending since mid july and might continue. The 8.47 level have been acting as support and resistance way back july 2018. The level have shown interest again twice this year.
Knowing this, price should either break the level or bounced. in the scenario price break the support level, we expect it to hit the 8.079 level. Else, a bounce back to 8.748 level is the nearest possible long target.
So what do you think?
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Bearish Trend Coming on Soybeans by ThinkingAntsOk4H CHART EXPLANATION:
The 4H corrective movement was broke a few days ago, it was an Ascending Structure correcting the previous Downside impulse. Now it seems that price is trying to continue towards the Support Zone. If this one is broke then there are two Daily Support Zones at 8.10 and the other at 7.80.
MULTI TIMEFRAME VISION:
-Daily:
-Weekly:
Soybeans (SOYBNUSD) long.All description on the chart.
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Bearish Potential on Soybeans by ThinkingAntsOk4H CHART EXPLANATION:
At the beggining of May, price started a strong bullish movement towards the Weekly Descending Trendline. Once it faced the zone, it could not consolidate above and the trend became weaker. Then started moving sideways and it has recently formed a Triangle Patter, which was broke downwards yesterday. We expect a downside move towards the Multiple Support Zones.
MULTI TIMEFRAME ANALYSIS:
-Daily:
-Weekly:
Soybeans very nice consolidations linesPrice respecting these trend lines very accurately.
Commodities like Soybean, Corn, Wheat and Sugar are great great markets for this type of trading because of the low manipulation from the big banks.
Let's see where the price goes next.
#soya_bean #Analysis.#soya_bean #Analysis.
Distribution is completed in Soya_Beans H4 chart i'm expecting falling prices soon.
soybeansChina doesn’t start making its largest purchases usually until October.
Dollar strength, trade wars. this year we could see earlier purchasing
Buy on anything under $9
Bullish area developing SOYBEANLarge pin bar on monthly chart. Price is pushing up against downward trendline
OANDA:SOYBNUSD
WATCH SOYBEAN VERY CLOSELY, STARTING OF UPTREND? 28 MAY 2019Watching Soybean very closely, a close above 8.35 might signal a trend reversal for soybean , notice the 21st May exceptionally large volume and the how the price reverses after going below 8.00. After a clean break above 8.35 , having a buy limit at that area can be a good bet.
Soybean#SOYF H4 Buy
Soybean
At : 822.7
SL : 807.9 - Risk 148 pip
TP : 863.2 - Reward 405 pip
Date : 2019/05/09
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