Wheat - ZW | Long Idea
Updated
Here I lay out my trade idea for Wheat.
Given Global Macro events, technical patterns and indicators, I see a long here.
3:1 RR
1% Risked.
Let's see where this goes!
Given Global Macro events, technical patterns and indicators, I see a long here.
3:1 RR
1% Risked.
Let's see where this goes!
Note
Just today; talks of continuing Grain aka Wheat exports... should relax wheat pricing a bit, this still does not 'fix' the Macro view of Wheat, we will see.Note
Never like hearing negative news to make a trade pop, but this one will be opening pre-market 5% up. I assume the trend continues.
I moderate a small community 4 traders, analyzing weekly charts, and discussing trade setups. Focusing on psychology.
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