SOYF trade ideas
SOYBEANS Short to 10.00It hit once 10.00 I am assuming it will happen again. If brakes below 10.00 next level is 9.75
#SOYBNUSD Pending Sell Option #SOYBNUSD Pending Sell Order.
Waiting for a price action confirmation signal!
Good Luck
Soybeans: Time For Some UpsideComments on the chart. Will only get long if price closes above 9.65 on this chart. When that happens price will also be above the 2 EMAs which will be another bullish technicality. If price takes out the low of the bullish candle whether I get an entry price or not the idea is off
SOYBEAN Long Term PictureAll this really is, is a long term impulse & correction, most likely will get a move down, before going back up.
Soybeans: It takes time to make a moveIf we look to two patterns, the triangles green and red the both need some time to finish the pattern.
If we look on fractal basis we can come to an other conclusion. The fractal comparison of this pattern could give some indication in what direction we could go but this is not an outcome for sure... but it can help for decision making.
In 2015/2016 we can see a little triangle which breaks out in the spring of 2016...
If we extrapolate this pattern to the timeframe in 2017 the big triangles look very promising and we could foresee much higher prices ...
Time will tell...
SOYBEANDown Trend.
Price outside the upper band of regression line.
Bearish divergence.
Extreme move to the upside.
soybnusdsell after the breakout basing on your own strategy , i just give you the sens of the direction
Soybean is about to have a bullish breakoutBased on that soybean has bottomed near 8.5 during end of 2015, the subsequent rise to 12 is an impulse wave, followed by an ABC correction to 9.
Since Jun 2017, we have another impulse to 10.4, followed by a correction to 9.15.
Recommend: Long with a tight stop loss
Soybeans (Supply & Demand levels) 1H ChartSupply and Demand levels for Soybeans / 60
Dark red = Fresh supply zone
Light red = Re-tested supply zone
Green = Fresh demand zone
Light Green = Re-tested demand zones
Short term analysis:
Price is moving in a bullish channel with price pulling back from Point of Control (VPS). Lower channel trendline is close to two fresh demand zones supported by high volume.
Bearish scenario:
Price pullback to demand zones and fails to continue breaking below the 10$ psychological level. This could result in a move down to 9.85$. Additional support is likely to be found at 9.783$, Daily chart pivot point.
Bullish scenario:
Buy orders are filled at the two fresh demand zones and price re-enter channel. Strong supply lies in the range of 10.24$- 10.60$. Past that level notable supply can be found between 10.339$ / 10.367$
#Soybeans reacting @ 6M DZ creatign new W DZ..Long we go!6M DZ in control, W downtrend broken, new W Dz creating, with positive Priceaction for Bulls, with Engulfing Patterns..long Bias till 10.700-11.000
BUTY SETUPLong correction from last impulse is about to over therefore i ecpect another impulse to target as marked on chart.
We have a clear divergance in MACD .
Cross market analysis in soft commodities shows similar projections.
Dollar is getting weaker which supports higher price ofcommodities in general.
Wait for an impulse on lower timeframes to confirm bull market.
Good luck !
Close below sma 20 on hidden momo divergenceAlso OB on downtrend near resistance. Corn & wheat already started to pullback.
