Rectanglebreak
AUDUSD long Wolfe Wave updateThe pair has broken out above rectangular consolidation, above current daily and weekly tops and outside the 2-4 WW boundary
Looking next to last week range tops @ 78932 then upward to original pattern targets
See original March 1st post for 8hr Wolve Wave targets
Carry on
Long Wheat on Technical Breakout from Rectangle PatternI went long on Wheat this morning in my paper account due to my original long commodity thesis. I am actively looking to add more commodity exposure to the portfolio, mainly because that's where I believe the outsized returns will come to home roost. On the weekly charts, wheat has broken through the rectangle pattern that spans back to August of 2017.
I set my stop loss at 4.06, which if hit, would indicate a false breakout and an incorrect implementation of my bullish thesis at that moment.
As always, let me know if you have any further questions or comments.
Capital First Short term positional callCAPF Capital First Limited Technical trading call for short term
CMP: 721, Closing basis SL 684, Targets 751 761 769
Technicals:
* Volume breakout
* Trend line breakout
* Swing high breakout
* Consolidation breakout