WHEAT trade ideas
Wheat down to $5.70 and then up to $5.81, Long Term BullI am long term bullish but I see a nice test of the trend line which may act as resistance. Potentially a drop just below to grab a little liquidity and then a continuation move to the higher side back to $5.81. I am seeing the 4hr macd dropping and RSI within range to drop more.
This is my first wheat chart, dont get too excited.
This is not trading advice.
Higher Price for WHEAT?I've been watching that triangle fill out for years now. Maybe that grey trendline is the prevailing trade direction, but there is every chance this break could fail like it has previously and return to fill out the triangle further. Time will tell.
SAAAA-WHEAT!Bullish on Wheat.
No other reason than the chart (and a general understanding that global warming is going to kill our planet and make it hard to grow plants?). Regardless, here's how I plan to profit off our civilization's demise:
Entered at $5.30 (it was early, I know)
We broke out now, and we're looking for a cup and handle target #1, and then a fib level PT #2.
Looking for a 19% move, leveraged at 12x, so we're looking like I just might be able to afford my nuclear bunker and dehydrated packets!
Til death do us part,
TMoneyBidness
WHEAT OUTLOOK 02/12/2019DEMAND FOR WHEAT TO TOP UP EXISTING STOCK BEFORE CHRISTMAS IS DRIVING THE PRICE HIGH.
WE WILL LIKELY SEE THE RETEST OF THE BROKEN TRENDLINE AS INDICATED BEFORE BULL RUN
WE WILL LIKELY SEE THE FORMATION OF BEARISH WAVE ON WHEAT AROUND 15 DECEMBER 2019 .
WheatMentioned this a few weeks ago, if price can continue to gain sellers then buyers will decrease
Wheat long @ 526.83stop @ 512.00 target TBD will buy on dips as well down to 519.00 my rates are 100 x tradingviews
recap - 9 oct 2019 16h50Hello
my quick recap so far -8-)
I am out most of the trades for +/- 300$ profit.
I am in a small spread. As i do not see much opportunity my side at the moment.
All in light size.
I will trade more spread in ETF PAIRS.
WHEAT in the rangeI dont think it will move alot today. So my plan is ABCD pattern in the buffer zone. If price stay in the zone I will short.
Wait and see ! my entry is not even 1 : 1 risk reward so it is not a good trade.
