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ZW1! trade ideas

Wheat Potential For Bearish ContinuationLooking at the H4 chart, my overall bias for ZW1! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a pullback sell entry at 804.00, where the 38.2% Fibonacci line is. Stop loss will be at 820.25, where the 61.8% Fibonacci line is. Take profit will be at 767.50, where the 88% Fibonacci line is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
CBOT:ZW1!Short
by VantageMarkets
Wheat Mini Futures ( XW1! ), H4 Potential for Bullish MomentumTitle: Wheat Mini Futures ( XW1! ), H4 Potential for Bullish Momentum Type: Bullish Momentum Resistance: 949'3 Pivot: 904'1 Support: 877'3 Preferred case: With the price moving above ichimoku cloud , we have a buillish bias that the price may rise from the pivot at 904'1, which is in line with the overlap resistance to the 61.8% fibonacci retracement to the 1st resistance at 949'3, where the swing high is. Alternative scenario: Price may retrace downwards and head towards the 877'3 support level , where the 38.2% Fibonacci lines located. Fundamentals: There are no major news.
CBOT_MINI:XW1!
by Tickmill
Wheat Mini Futures ( XW1! ), H4 Potential for Bullish MomentumTitle: Wheat Mini Futures ( XW1! ), H4 Potential for Bullish Momentum Type: Bullish Momentum Resistance: 949'3 Pivot: 904'1 Support: 877'3 Preferred case: With the price moving above ichimoku cloud, we have a buillish bias that the price may rise from the pivot at 904'1, which is in line with the overlap resistance to the 61.8% fibonacci retracement to the 1st resistance at 949'3, where the swing high is. Alternative scenario: Price may retrace downwards and head towards the 877'3 support level, where the 38.2% Fibonacci lines located. Fundamentals: There are no major news.
CBOT_MINI:XW1!Long
by Genesiv
WHEAT W1The situation on the wheat market may become critical for the consumer, due to Russia's withdrawal from the grain deal. That will probably entail a speculative increase in the price of grain. At the start of full-scale hostilities in Ukraine, we saw the price of quotations for wheat almost double in a very short period. After that, the situation stabilized a bit. But realizing that due to the impossibility of logistics of wheat from Ukraine, the situation could create hunger in the world. Because Ukraine is a very large supplier of grain, on which many countries depend. The states, with the participation of Erdogan, were able to reach a consensus and conclude a grain deal. But because of the shelling of the Russian fleet last week, the Russian Federation announced that it was withdrawing from this agreement. Now there are almost 300 ships at sea loaded with Ukrainian wheat and blocked by Russian troops. Not being able to supply grain to the consumer will create a shortage in the market and the price will automatically start to rise. Immediately after the announcement of Russia, the price increased by 8%!
CBOT:ZW1!Long
by TradingForProfitPro
8
Wheat Mini Futures ( XW!), H4 Potential for Bearish MomentumType: Bearish Momentum Resistance: 904'1 Pivot: 856’0 Support: 781'4 Preferred Case: On H4, as the price moving below ichimoku cloud and descending channel , we have a bearish bias that the price may drop from the pivot at 856‘0. which is in line with the overlap resistance and 23.6% fibonacci retracement to the 1st support at 781'4 where the 78.6% fibonacci retracement is. Alternative scenario: Alternatively, the price may rise to the 1st resistance at 904'1, which is in line with the 61.8% fibonacci retracement . Fundamentals: There are no major news.
CBOT_MINI:XW1!Short
by Genesiv
Wheat Mini Futures ( XW!), H4 Potential for Bearish MomentumType: Bearish Momentum Resistance: 904'1 Pivot: 853'1 Support: 781'4 Preferred Case: On H4, as the price moving below ichimoku cloud and descending channel , we have a bearish bias that the price may drop from the pivot at 853'1. which is in line with the overlap resistance and 23.6% fibonacci retracement to the 1st support at 781'4 where the 78.6% fibonacci retracement is. Alternative scenario: Alternatively, the price may rise to the 1st resistance at 904'1, which is in line with the 61.8% fibonacci retracement . Fundamentals: There are no major news.
CBOT_MINI:XW1!
by Tickmill
Wheat Mini Futures ( XW!), H4 Potential for Bearish MomentumType: Bearish Momentum Resistance: 904'1 Pivot: 853'1 Support: 781'4 Preferred Case: On H4, as the price moving below ichimoku cloud and descending channel , we have a bearish bias that the price may drop from the pivot at 853'1. which is in line with the overlap resistance and 23.6% fibonacci retracement to the 1st support at 781'4 where the 78.6% fibonacci retracement is. Alternative scenario: Alternatively, the price may rise to the 1st resistance at 904'1, which is in line with the 61.8% fibonacci retracement . Fundamentals: There are no major news.
CBOT_MINI:XW1!Short
by Genesiv
Wheat Mini Futures ( XW!), H4 Potential for Bearish MomentumType: Bearish Momentum Resistance: 904'1 Pivot: 853'1 Support: 781'4 Preferred Case: On H4, as the price moving below ichimoku cloud and descending channel , we have a bearish bias that the price may drop from the pivot at 853'1. which is in line with the overlap resistance and 23.6% fibonacci retracement to the 1st support at 781'4 where the 78.6% fibonacci retracement is. Alternative scenario: Alternatively, the price may rise to the 1st resistance at 904'1, which is in line with the 61.8% fibonacci retracement . Fundamentals: There are no major news.
CBOT_MINI:XW1!
by Tickmill
Wheat Mini Futures ( XW!), H4 Potential for Bearish MomentumType: Bearish Momentum Resistance: 904'1 Pivot: 853'1 Support: 781'4 Preferred Case: On H4, as the price moving below ichimoku cloud and descending channel , we have a bearish bias that the price may drop from the pivot at 853'1. which is in line with the overlap resistance and 23.6% fibonacci retracement to the 1st support at 781'4 where the 78.6% fibonacci retracement is. Alternative scenario: Alternatively, the price may rise to the 1st resistance at 904'1, which is in line with the 61.8% fibonacci retracement . Fundamentals: There are no major news.
CBOT_MINI:XW1!Short
by Genesiv
Wheat Mini Futures ( XW1! ), H4 Potential for Bearish MomentumType: Bearish Momentum Resistance: 904'1 Pivot: 858'2 Support: 781'4 Preferred Case: On H4, as the price moving below ichimoku cloud and descending channel , we have a bearish bias that the price may drop from the pivot at 858'2. which is in line with the overlap resistance and 23.6% fibonacci retracement to the 1st support at 781'4 where the 78.6% fibonacci retracement is. Alternative scenario: Alternatively, the price may rise to the 1st resistance at 904'1, which is in line with the 61.8% fibonacci retracement . Fundamentals: There are no major news.
CBOT_MINI:XW1!Short
by Genesiv
WHEAT // market is in daily impulseHi✋🏽 Trend is short, and price tested the last daily south breakout, then turned. Targets are marked by the fibo. What do you think??? Trade safe! ⚪️⚫️ -------------------------------------------------------------------------------- ANYWAY, a lot of Qs about the direction of the price. But it doesn't matter. I JUST REACT! Thanks for reading my analysis!🤘🏽 Remember that trading is a business. SIZE your TRADES according to your risk aversion! ----------------------------------------------------------
CBOT:ZW1!Short
by TheMarketFlow
1
WHEAT Part 210. 18. 22 This is part 2 of wheat. Essentially, I am very comfortable with part 1, and it represents how I would frame a market for a trade. However, I can get a trading advantage with a low risk of getting stopped out, getting in at a lower price If I use the 4-Hour chart. The 4-Hour chart has two functions in this case: It gets me in yesterday at a lower price, and it gets me a signal of where the markets had gap hire Which I could not have seen on the daily chart, plus it allows me to see a measured move that would be difficult to see on the Daily chart. In other words, a better trade location at a lower price, and a market pattern that suggests a higher probability that the market will not stop me out right away.... and this helps me manage my time at the computer, and frequently helps me use a smaller stop. I know some of these details that we can have as Traders can be a mind game. Regardless, this is how I frame my trades and manage my Initial stops. Part 1 is where you should start.... Because it's easy and its basic. We are just tweaking things here a little bit on the second part.
CBOT:ZW1!
by ScottBogatin