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WHEATUSD trade ideas

WHEAT/USD Short• If price pushes up to and ideally just above our area of value and the majority of the move isn't impulsive, then I'll be looking to get short with a risk entry either after a phase line break on either the one hour or the fifteen minute chart, or after a one hour rejection from it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
OANDA:WHEATUSDShort
by StewySongs
Wheat to find support before bounceAfter the initial spike induced from the war creating a higher demand in wheat, we are now seeing a pullback from the highs. Fibonacci levels line up pretty well with resistance and consolidation levels. Good support around the $6.8 to $7 with first resistance being at the $8 level and heavy resistance at the $8.50 mark. Keep in mind that after very quick moves one direction we typically see the same type of movement in the opposite direction. Best advice is wait for support to appear and breaking of trend to get in.
OANDA:WHEATUSD
by unfathomableman
Something is happening with Wheat futuresWheat got nuked in late May, as it re-tested the high. It did a full retrace, -36%. Impressive even for meme stocks let alone one of the most precious commodities on the planet. Wheat has spent Jul and Aug in the area of intense demand, which just happens to be around EMA(100) , from what I can see everyone is waiting for first harvest numbers to start sending futures higher. I'm expecting explosive few weeks, perhaps even hitting $12 again before the first snows in the northern hemisphere. The monthly chart is even more explicit:
OANDA:WHEATUSDLong
by Owcheew8
WHEAT Is It Going To Reverse ? Wait For bearish Price Action Hello traders: WHEAT is also looking clean for the downside reversals. We can see that price has formed into a larger, higher time frame ascending structure, correcting the price up. We also see a clear rejection and a possible bearish reversal impulse, after hitting a double tops. HTF: Latest development has shown us a bearish reversal impulse after initially breaking to the upside. Watch for LTF bearish continuation correction, as a confirmation for further downside, if price can develop into. Thank you DISCLAIMER: -My forecast and analysis are NOT trading signals nor financial advice, you should not enter trades and invest solely on this information.
OANDA:WHEATUSDShort
by jojofang0901
9
Is Wheat Ready to Rock?OANDA:WHEATUSD recently hit a high around the $7.16USD area and has been in a small downtrend since. It looks like it may be ready to head back upwards and test resistance again after a nice bounce off of support. Entering around the $7 mark would give us about a 2.37% retrace up to resistance and would be a perfect bounce off of the 0.5 fib. RSI on the 30 minute and 4 hour charts both look like they are in a position to support this move. Stoch RSI also appears to be in a spot to “roll over” on both time frames mentioned. * This Content is for informational purposes only. You should not construe any such information or other material as investment, financial, or other advice.
OANDA:WHEATUSDLong
by Magic-Charts
Wheat aiming at ATH this summer> Wheat (Triticum aestivum L.) is the most important crop in the world in terms of area harvested, and is one of the world’s staple foods. It provides about 20 % of the total dietary calories and proteins worldwide. > However, wheat has a defect, each degree-Celsius increase in global mean temperature, on average, reduces the global yields of wheat by 6.0%. Other important cereals are also affected; rice by 3.2%, maize by 7.4%, and soybean by 3.1%. medcraveonline.com medcraveonline.com __________________________________________________________________________________________ Now, without science, it is clear that Wheat futures are in middle of a brakeout. It seems speculators and market makers are already all over it for fundamental and technical reasons. I expect old high to be tested by end of the summer (late September).
OANDA:WHEATUSDLong
by Owcheew8
WHEAT: Short H1 BuOB after range+SFPWHEAT was weakest of grains in terms of price gains and CoT. Should be in seasonal weakness. Price SFP'd D1 range highs and took liquidity from Fri. Several hours later a H1 bearish OB formed. Price got trapped around D1 resistance and next candle after the OB closed as SS on both SOY and CORN, but giving neutral/bullish candle on WHAT giving better entry. Entry: Market shorted around original planned entry (H1 swing low) SL: Above D1 highs, around (but below) D1 ATR TP: Range lows Wrong: Impulse candle high.
OANDA:WHEATUSDShort
by LachimHeigrim
EUR/JPY, USD/JPY, USD/CAD and WHEAT/USD on watch for me today.EUR/JPY: • If price pushes up to and ideally just above our upper rayline, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If price pushes down, it then pushes back up leaving us with two fairly horizontal bottoms and it continues to push up to and ideally just above our rayline, then I'll be looking to get short with a risk entry after a phase line break on either the one hour or the fifteen minute chart if the last part of the move is corrective. • If price pushes down, it then pushes back up leaving us with two fairly horizontal bottoms, it continues to push up to and ideally just above our rayline and it does so in an impulsive manner, then I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short on the break of the flag. • If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place any of these trades. USD/JPY: • If price pushes up to and ideally just above our rayline and the last part of the move is corrective, then I'll be looking to get short with a risk entry after a phase line break on either the one hour or the fifteen minute chart. • If price pushes up impulsively to and ideally just above our rayline, then I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades. USD/CAD: • If price pushes down to and ideally just below our rayline, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with a reduced risk entry on the break of the flag. • If price impulses back up, it does so in a convincing manner and a subsequent tight one hour flag forms, then I'll again be looking to get long with a reduced risk entry on the break of the flag. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades. WHEAT/USD: • If price pushes up to and ideally just above our rayline, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place this trade.
OANDA:WHEATUSD
by StewySongs
WHEATUSD - Something's cookingWheat in October climbed more than 13%. For the past few days we see the price making a pullback and stopping at the 50MA where buyers jump in again. There are two scenarios that I see right now: 1) we have a descending triangle in-the-forming with potential break lower if bears win or 2) we are in the “digestion” period of the recently formed higher prices In either case something’s cooking and those interested in Wheat should stay vigilant and prepare for the next move. The dropping ATR value might be an indication to support the above theory as major events usually happen when the value of ATR remains low. The strong uptrend for the time being and the respect of the 50MA favour in my eyes the second scenario, but you never know with markets. Good luck traders. Note: I'm no trading expert nor have the ambition to become one! The above is just an idea that I share with the intention of attracting comments and perhaps become a better trader.
OANDA:WHEATUSD
by A_Bouras