SOYBEAN - Long Idea.
Updated
Soybeans showing some Bullish sentiment. This is a 6 hour chart.
I see a double bottom has formed and we have gotten the pullback to my Confirmation Fib.(50%)
-MACD Bullish Divergence
-RSI oversold.
Simple trade setup. Let's see what happens.
1% Risk 2:1RR
I see a double bottom has formed and we have gotten the pullback to my Confirmation Fib.(50%)
-MACD Bullish Divergence
-RSI oversold.
Simple trade setup. Let's see what happens.
1% Risk 2:1RR
Note
Good strong days up!Trade closed manually
Looks like potential downside on this trade, good thing we start taking profits and moving stops as price advances.Note
made money on this trade...but it has carried on further...such is trading.
I moderate a small community 4 traders, analyzing weekly charts, and discussing trade setups. Focusing on psychology.
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