Wheat Future. Strong down move reaching strong previous support.
Updated
When price comes down this strongly it is hard to be a buyer. But we see lots of previous support down at current price.
I think a stop below 710 might make some money for you.
I think a stop below 710 might make some money for you.
Note
Wheat has put in an hourly hammer candle, showing potential for a bullish reversal. Some traders are taught to take the bottom of the wick as the stop loss for the trade.
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