May Wheat futures: Daily trend reversal

8 feb 2023This setup can lead to a larger failure of a weekly decline signal, which could cause a major move in ZW_F. I'm long May futures here, paying close attention to how it develops, if the signal isn't stopped the trade could be held for longer until the chart evolves into a higher timeframe trend potentially, that would be the ideal scenario here.
Best of luck!

Cheers,

Ivan Labrie.

10 feb 2023

Trade chiuso manualmente

This ended up hitting the target. Formed a new signal too but not sure it will work, could reenter on retrace maybe.

15 feb 2023

Commento

Topped at the target so far.