Feb 10, 22 Soybean Sell Almost TimeYou can see that price action soared way above the Linear Regression Indicator this week and has been on a tear for many weeks just going to the moon. I am waiting for price action to finally come down - today it started but I'm not sure when I will short this trade. Next week will be the earliest but it might be March.
You can see this is the weekly chart so it might be a while before this becomes tradeable. Regardless, I am keeping an eye on this one and will let you know if anything changes.
HEIKO
Soybean
soy bean is going some wheresoy bean i think is completing the wave 5 of a build up to form a bigger fractal wave 3..who knows might be or not, this is a spring on an accumulation phase..i would keep an eye on the lows 1300...i think
don't trade my ideas realy..
SoyBean (Central Bank Can't print Food)View On Soy Bean (19 Oct 2021)
We are seeing the potential bottoming in the soft-commodities and it is about go back UP higher.
For the starter, reclaiming the previous resistant of $1,280~$1,300 shall be easy.
We shall see further bullish signs soon.
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Broadening Pattern in Soybean Futures with a Target of 1440Trend Analysis
The main view of this trade idea is on the 2-Hour Chart. Soybean Futures is experiencing a broadening pattern in the respective timeframe. This pattern comes with increased volatility as the trendlines are expanding outward. It is projected that the commodity will rally towards 1440, around the sighting of a gap lower. An indicative stop loss is set at around 1325, a little below the support trend line.
Technical Indicators
There has been a bullish crossover on the short (25-MA) and medium (75-MA) fractal moving averages. Soybean futures are also above the respective MAs. The RSI is above the 50 level with the KST having a positive Crossover. These are all bullish indicators for the commodity.
Recommendation
The recommendation will be to go long at market. Stop loss will be set around the 1325 price level and a target of 1440. This produces a risk-reward ratio of 2.46.
Disclaimer
The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in Soybean futures.
Grains will shock youWith all the drama of last year and many areas locked down, one of the big sufferers was agriculture. Much of last years yields went to waste and panic buying occured. Which I'd guess also went to waste for the most part.
As you can see on my chart I'm expecting a sizeable pullback in price before the event, which is completely normal.
let it collect the orders down there and get in where you feel comfortable.
From there hold way into 2022. I wouldn't like to call the top on this, but it'll be impressive.
Checkout soybean and corn also. Why do you think they drove up so hard in price?
Happy trading and don't long just yet. (July?).
Soybeans - Short IdeaI see price has had a great run up, this is the 4H chart but the daily is speaking to me. Price has confirmed by a small pullback and now showing rejection at the 50-61.8% Fib levels, price showing an engulfing pattern at those levels.
Soybeans is a touchy commodity, I would think.. like all commodities right now, more upside.. but certainly room for a relaxation of price here, 2:1 tucked in before hitting the 4H 200 EMA.
Its a solid short setup... that is all we can do, take good setups and manage risk...rinse & repeat.
1% Risk.
Soybeans - Short IdeaLove me some Soy.
I see the short, price has rolled over, price did pop really strongly, I would not have longed, the technical picture has advanced and I see the doji on the weekly chart.
The short 2:1 can be tucked in here on the retest of that support area. Let's see what we get here.
Remember, break even is still a good trade.
1% risked.
-Happy Trading!
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There is an ascending triangle formation on Soybean(commodities).
There was a strong bullish sentiment before. So this formation may become a confirmation of trend continuation.
According to Elliott Waves theory Wave D is done and the price is heading to Wave E.
So follow the chart and look for the breakout.
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