After a long period of sideways trading within MJT and MNT lines , Corn is trying to establish a base for an upside counter-swing. A clear close above 508 will confirm it and clear the path for an extended rally. Today USDA will release the weekly export sales report which could be the catalyst that ignite this counter-swing.
The hard work in trading comes in the preparation. The actual process of trading, however, should be effortless.
Happy New to All ! I do wish for everyone to find harmony in them self and start New Year with a Harmony profitable trades as well. ;) Harmony entered 2022 with UPTREND and it is no surprise for me, because downtrend and consolidation period was complete in the last year December. It is a good asset to keep eye on in 2022! We are going...
EUR/CAD long term projections...
GBP/USD broke very important resistance zone and close with a strong momentum above! I will wait for pull back at my set levels and look for buying opportunity. Bear in mind that we have very big event of Brexit on Tuesday. So price can consolidate and wait for the day start to price in on the vote agaisnt Brexit. On Tuesday we should see big moves in both sides...
In update to my previous post P/O Divergence in short term overbought condition Market near previous pivot (4). It is wise to take profit on half of the long position