machintose

Week 20: ZSN2021 Sign of weakness and opportunity to short

Short
machintose Mis à jour   
CBOT:ZSN2021   Soybean Futures (Jul 2021)
This morning during Asian market, volatility was low and structure wise, it is trending down to break the $15.82 support level.
I am on bearish bias and will place a spot short order:

Entry: $15.82
Stop Loss at $16.13
Take Profit at $15.08
RRR = 2.39R

It may not be a short drop, protect your profit when you are already in profit zone.
I will update again tomorrow if there is a change in outlook.
Transaction en cours:
Move SL to profit zone at $15.60
Clause de non-responsabilité

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