WHEAT trade ideas
WHEATUSD Short Term Resistance draw closerWHEATUSD is just about to relax from high levels which were reached in the cold season. The retracement of the down move of the past few days has been just below the support turned resistance at around 5.69-5.70. When price retraces to this level and the resistance proves to be valid this is an entry point to follow the higher timeframe downtrend at least until 5.40.
The insights are taken from my own data driven approach paired with some chart analysis
a treat is wheat, when one must eat. 4h potential head and shoulders
grain shorts are HIGH so short covering is NIGH.
wheat mon appetite.
watching for a higher moveClose above 4.55 could take this to around 5. Fibs lining up and indicators showing potential move higher from the current 4.50 area.
WHEATUSDNice Reaction from Key Reversal Area, wait for lower degree correction before considering going short
Long Wheat.Thanks to @ZFXtrading on twitter for this idea.
Could be supply issues with this commodity. Look at Golden Ratio fibs.
Wheat is set for a higher highAfter making a second high in the forming upward channel, the correction to 200 EMA took place. The reversed U shape of the volume structure signaled the correction stop around 200 EMA as supported by the whole array of daily tails. Wheat is set to move upwards to the new price territory in the area of 6.00.
Possibile Short Su WheatNelle prossime 4 ore, in particolare se la quotazione arrivasse a 5,01, il trend potrebbe invertirsi, da Long a Short.
The FUTURE High / Low price swing dates for WHEATUSDJust before the big price move begins on Dec 26, 2018 I will update the WHEATUSD
chart.
WheatUsd - correction in uptrendHarmonic pattern and nice place to buy - uptrend and small correction as you can see. Now we are looking for the best price to get in and I think that this is the right one. If price goes to 88.6% Fibo level it would be nice to enter in long position in that moment. Our Take Profit order is far away from that point....
Verticroft - Wheatgrass juiceI see it like this... small correction and uptrend will continue and we will follow. Prices will go up fundamentally and technical analysis will give us the best positions to enter. Like in this chart, on XABCD we can make two nice trades, as you can see.
