Looking at the H4 chart, my overall bias for ZR1! is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 18.045, where the 50% Fibonacci line is. Stop loss will be at 18.375, where the recent high is. Take profit will be at 17.285, where the previous swing low is. Please be advised that the...
Looking at the H4 chart, my overall bias for ZR1! is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. Price is also along a bullish trend line. Looking for a buy entry at 18.050, where the 61.8% Fibonacci line and recent high is to ride the bullish momentum. Stop loss will be at 17.600, slightly below where the 50%...
Title: Rice Futures ( ZR1! ), H4 Potential for Bullish Continuation Type: Bullish Continuation Resistance: 18.530 Pivot: 17.620 Support: 16.630 Preferred case: Looking at the H4 chart, my overall bias for ZR1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to...
Rice future on the daily chart moved inside a range for a long time. Recently the price broke the upper structure and move to the upside. According to Plancton's strategy, if the conditions will be satisfied, we can set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue...
A major 3 wave followed by a triangular consolidation followed by another major 3 wave? Rice is a basic human commodity needed by many to survive; interesting that it is rising despite the fact that many other agricultural commodities like soy and corn are falling. Much Love GL HF xoxo snoop
Wow, I can only imagine how high this is going to go up. Pandemic, supply chain issues, food shortages, economic, etc. Great hedge on fiat devaluation.
Rice is at a multi-year low/support zone. This is the time to buy. A decisive breach would be extremely bearish though....