Example of a descending triangleThe bearish pattern is completed with a decisive close under the flat line
SOYUSD trade ideas
Yes! Right Time to Buy SoyBean!I believe that successful trading strategies rely heavily upon identifying consolidation zones. Consolidation zones provide us the right direction of the market. Consolidation happens when a market move sharply upside or downside. Later, a trader can use these consolidation zones to identify patterns, whether it be a continuation or reversal.
It requires attention and care. Rather than turning out to be a factory of producing signals, it is better to sit down and look for a setup. Setups are important because we are planning a trade and execute them on time. If you fail to plan a setup, then you are planning to fail.
Another advantage of trade setup is that we know where to get out and the right time to go in. Know the market. Study the price movements and make your trades.
My charts use price movements, patterns, structures and indicators such as moving averages and oscillators. Trading intelligence is combining multiple knowledge to produce a favorable trade setup and plans.
SOYBEAN ....falling i see a strong falling and reaction to s/r zone but it did not return to upside ...
enter to SELL position after breakout and closing below 9.3
sl = 9.5
a butterfly for the soytoday is a strange day, i founded a bullish butterfly for the soybean. pay attention the butterfly it`s valid also at the price 9.1632 so before open the trade see the price and the candlestick. if you agree write comment and follow. good we
