SOYBNUSD trade ideas
SOYBEANS SUPPLY AND DEMAND AND TREND LINES ANALYSIS SOYBNUSDBearish soybeans with the break up the upward ML and high on the channel.
Soybeans Head and Shoulders Setting Up?The chart for Soybeans looking very attractive right now. On the daily chart, we have an engulfing candle at a major flip/resistance zone. This has garnered the attention of any technical traders.
Moving down on the 4 hour, we get a clearer picture. We have been in a nice uptrend with multiple swings, higher lows and higher highs. This trend began to exhaust at the resistance/flip zone and we have had multiple red candles.
Looking for our first lower high confirmation here, and this would come in the form of creating a head and shoulders pattern.
So overall many good confluences for this trade, just awaiting the break of the neckline/support.
Would be looking to take profits at the 9.00 zone on this instrument. Around 935 on futures.
Long Term Prospects for SOYBNUSDThe SOYBNUSD, symbol ZS, is in a Bear Market Rally within a long-term Bear Market with price trading above the 50 week ema, but below the 200 and 800 week emas. The long term emas are mostly flat, signaling accumulation / distribution. The price action appears to be finishing up the c-wave of an x-wave before a final y-wave down. The long upwards candle wicks, the testing of the 200 ema, and consecutive dojis are all confirmation that a top is being putting in. This would correspond with a long-term commodities bottom expected in 2021.
The Market is in a Bear Market Rally on the daily, with price above the 50 ema, which is above the 200, but still below the 800 ema. The 50 ema is up-trending, but the other long term emas are mostly flat, signaling an accumulation / distribution range. Price is topping out having just completed an evening star pattern, but has yet to close below the 13 ema. Price has yet to break the uptrend line, so expect sideways price action, and another stop test of the high, with a trend break, confirming a sell off.
The Market is in a Bull Market on the 4 hour, with price trading above the 50 ema, which is above the 200 ema, which is above the 800 ema. After a Dark Cloud top, price traded down below the 50 ema on the four hour, formed a doji, and will likely reverse back up from here. Probably trade up in the coming week to finish out an M-Top formation, before resuming the greater down-trend.
This is my SOYBNUSD look ahead for my own trading purposes. FUTURES trading involves risk. Feel free to comment, but trade off of this post at your own peril.
No need to be greedy now!We went close to our 2nd TP and missed it by 0.04. In my world thats close enough,no need to give back all those gains so we close the Soya trade after almost a month of riding it. Now if thats not trend following i dnt know what is..kkk
SOYBEANS - DAILY CHARTHi, today we are going to talk about Soybeans and its current landscape.
The Corn and Soybeans could (or not) give a sweet surprise for investors and U.S farmers as the Corn Belt it's poised to once more fall on Donald Trump grace, after a tough year for farmers, that already it's been hurt by the ongoing Trade War between U.S and China, and felt backstabbed by the government since the negligence of the government in obligate smaller oil refineries to respect the requiring quota of biofuel use, which resulted in a restrained demand growth and a squeezing of prices.
Now, after the walk through the darkest valley, U.S farmers start to once more see the light as Trump, seeking to regain their trust and votes from the region that back in 2016 supported him to the most. The President has been using the so-called "phase one" of this attempt of Trade Deal to force China to buy $50 billion of their agricultural goods, Trump it's wanting so badly to reclaim its title of champion of the farmers that it's pushing to the signature of the deal, to be on the farmer state of Iowa. The only thing in the way is to the deal be concretized, which might just get a bit harder as Trump has signed Hong Kong Human Rights and Democracy Act of 2019, giving support to Hong Kong protesters, and most possible dragging China ire towards the U.S considering the sensibility of China regarding its internal affairs.
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SOYBEAN : LONGThe figures for soybeans contain a good risk / reward ratio (1: 3).
Stoploss: 8.931
Goal: 10.24
There may be some relaxation in the first place, since I don't want to forget, I have already shared my analysis.
0.0125 scale45's ran from swings...total coincidence im sure, but wave 3 is dead on at 45 degrees... not to mention how price is respecting this angle at this scale from basically all swing points :D
broken correlation or im simply wrong.... but the waves say we're long...which from my perspective all markets really are breaking their correlation from their major waves...and have been adjusting really since 2010 or so when cyrptos started to really hit the scene! interesting....its setups like this...which IS my MAJOR signal, as to why i stopped trading these types of systems and went to ganns work...
its just not debatable and basically all other systems, from support/resistance to trap trading levels you think got people interested, theres just no consistency with it...and thus you might as well flip a coin....BUT when you do have the right wave count...it can be quite profitable for quite some time if you're tuned into the major wave, or even secondary wave sequences... This should be the end of the major 5 waves down and the end of the 2nd fractal...which in this case is the daily chart, completing its 5 wave sequence also.
If the wave counts are right i've been producing lately...ganns original work will have been offset, likely by the sheer mass of force that cryptos have created...but we'lll see! i mean president assasinations, wars and all sorts of other stuff has happened and its just keeep trucking right on que....i think we have a new leader tho if you will... a new source energy. from a spiritual perspective, this energy is strong, honorable and gets things done with much less of a winner/loser capitalist outcome.
SOYBEANS (SOYBN/USD)A nice rising wedge pattern is forming on this chart. It would be wise to enter a short on the break of the counter trendline on the weekly chart. The market is largely in a bearish move that can be maintained if enough sellers creep in.
whats your point man?working with what would be the zero point of geometry from the standard wave perspective.
