Soybean (SOYBNUSD) is ready for a break out of the wedge

After showing a sharp movement, SOYBNUSD is accumulating at the top of the wedge and ready for a break out. Watch it tightly to catch a next movement.
Ideal entry at 8.8, short term target at 9.3, stop loss at 8.6

Transaction en cours:

A flag pattern also goes to the end of set up, can early entry at 8.7 for aggressive trader or wait to break out confirmation.
Stop loss at 8.6

Commentaire:

Time to scale in, stop loss still at 8.6

Trade fermée: ordre d’arrêt atteint:

stop loss reached with a false break which commonly generated an oppotunity to re-entry. stop loss at 8.5

Transaction en cours:

scale in now, stop loss 8.6

Transaction en cours:

Time to scale in more with all stop loss at 8.650

Trade fermée manuellement:

Close all position at 8.65