Stop above 78.6%with small position(as this is aggressive entry)
While many traders looking for a bottom near 1000 this year I suspect It could fall a bit more
My view is that cattle market is in range bound mode, whitch is good to trade with support and resistance The problem is that ATR is aggressive to set proper stoploss
Today, I suspect GBP/USD peacked 0.214 retracement Sell the bearish break out of flag as a clssic entry
There have been other scinarios, After this week, reckon one remain valid
Trying to catch a strong phase of the trend reckon NG could be a one now
Respecting bearish breakout of the pattern(bear flag) Would looking to sell on recovery just above 61.8 % of rescent down swing As the down from 1.1714 to 1.1087 was clear impulse outlook above 78.6%(1.5580) would be the exit signal Note : this is aggressive entry whitch has strong probality of losing
I was quite bulish Wheat, and Corn. But It appears that time to move on, as the bulish trend((clearly corrective) broken
This is my prefered view, today(It could not be trade idea) bearish flag could be the idea for today