WHEATUSD trade ideas
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....
WheatIn this plan I am turning my attention again to the agricultural products and especially the wheat. We are going to try to extract profit on the long side. However, in the plan you can find and possible scenario on the short side as well.
You can check trade full fundamental and technical analyses in YouTube.
Wheat showing Wyckoff accumulation. I'd be looking for a second test in Phase B and then long this for many years. With extreme droughts predicted for the coming years, I'm expecting the price of wheat to rise in the long term. Load the truck at the $3.50-$3.70 mark and hold it for three to five years. Thanks for reading!
What you really want day trade No. 1Been bullish on Wheat -0.18% already for some months. We're in a small consolidation on the longer term but watching for a short term continuation trade going bullish .
Watching for a buy below 5.020 with a target up into 5.065 for the day based on support at the 5.000.
Peace, love, and sweet bamboo,
tbp
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