ZW1! trade ideas
WHEAT FUTURES (JUL 2020)Once again, a purchase deal in wheat at a price of 528.6 target on contact with the lower rand. Wait till we break the rand buy back the target this time, 581. Let's not forget that we're opening the candle of the month and the week as well.
ZW : Hight probability to go Long, but ...
We are preparing to have an uptrend in the coming days, but we will wait for the breakout of the range forming since May. So if we break the 528, the next target is 588.
[ZW] - Key Price Level To WatchKey Price Level To Watch on ZW futures.
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ZWBUY . and if ever it breack the resistance of 5210 with power there is a probability that market go to 5250
Inverted head and shouldersAs you see we have invertet head and shoulders, with the begining of right arm. Also we have long position on MACD on daily chart.
Wheat SND Bearish ForecastBearish interests 2 hourly (anomaly 26 May '20), -a Wolfe Wave Zone Analysis.
Please check Wolfe Wave Theory for SND mapping so as to follow.
* You may need an ADX /TRIX
ZW1! Futures Chartthere is a probablity that the market will be bearish on short term after his bullish movement
XW1if the market breaks the support (4980 -4925) there is a probability that the price will drop more.
if you liked this idea or have your opinion on it, write in the comments.
DISCLAIMER: As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level. Not every idea is a valid trade. This analysis is a trading idea, not a trading signal for you.
ZW the wheat has reached a strong resistance so it dropped to the 0.23 fibo level but it could not break it and we see a wick on the last candle which is a buy signal.
if you liked this idea or have your opinion on it, write in the comments.
DISCLAIMER: As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level. Not every idea is a valid trade. This analysis is a trading idea, not a trading signal for you.
