Soybean (SOYBNUSD) is ready for a break out of the wedge
Updated
After 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
Ideal entry at 8.8, short term target at 9.3, stop loss at 8.6
Trade active
A flag pattern also goes to the end of set up, can early entry at 8.7 for aggressive trader or wait to break out confirmation.Stop loss at 8.6
Comment
Time to scale in, stop loss still at 8.6Trade closed: stop reached
stop loss reached with a false break which commonly generated an oppotunity to re-entry. stop loss at 8.5Trade active
scale in now, stop loss 8.6Trade active
Time to scale in more with all stop loss at 8.650Trade closed manually
Close all position at 8.65
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