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CFDs on Soybeans

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SOYBNUSD trade ideas

SOYBEAN Higher Time Frame Outlook on structureHello traders: Looking at soybeans from the higher time frame perspective and its price action structures. We see strong bearish impulse down from mid of 2018, and has been in this larger channel like structure ever since. Price has been consolidating for these few years, and finally breaking to the top in the recent times. What I like about the price from a structure point of view is that we just broke the previous top, but on the lower time frame the price broke up in a corrective structure. I see this type of price action over and over again. Price breaks up, catching a lot of buyers, then see a strong sell momentum down. I wouldn't be surprise to see some bearish impulse from the lower time frame, to bring the price right back into this larger channel structure, and we can potentially see the next bearish move from the top. For now, happy to be a bit more patient, and wait for price to develop a bit more. thank you
OANDA:SOYBNUSDEducation
by jojofang0901
6
Soy Bean (Central Banks Can't Print Food!)View On Soy Bean (5 JULY 2020) We had a big deflationary shock last March but moving forward, we will likely to witness inflation and stagflation in the coming months. We are seeing that the food prices are going to go ONE Way. UP. There will be minor pullbacks along the way but, it's better to stay on the long side only at this moment. Legal Risk Disclosure: Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. DISCLAIMER: Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
FX:SOYFLong
by SonicDeejay