XW1! trade ideas
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.
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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.
ZWK2020The price of wheat decreased from the resistance drawn on the chart to 0.23 Fibo area, and from it it bounced back to the top exactly to 0.5 Fibo area, but did not break it.
We watch the price if it breaks the 0.38 area strongly, it is likely to reach 0.23 Fibo area or more.
If it bounces back from the 0.38 region and breaks the 0.5 zone, it will likely reach the 0.61 Fibo area.
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hight potentiel wheat futuresThe zw1 broke strongly the two levels to get the next level .it s strong sell.
Wheat futurUsing Andrew pitchfork we can assume the market arrived at last level price.
Maybe can continue to decrease if a high candle break the last level price of pitchfork
but for me 80% the wheat Price increase.
Wheat Futures Turn LowerWheat futures are currently retracing an upthrust. This upthrust failed to make a higher-high of the prior move. Because this upthrust failed to make a higher high, Wheat didn't enter into an uptrend. Therefore, I'm looking for a healthy retracement of our latest move.
