May Wheat futures: Daily trend reversal

This 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.

Trade fermée manuellement:

This ended up hitting the target.

Formed a new signal too but not sure it will work, could reenter on retrace maybe.

Commentaire:

Topped at the target so far.