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WHEAT Futures Potential Long Opportunity

WHEAT Futures Potential Long Opportunity

Description: Agricultural Commodites are in a Bullish trend. Wheat futures completed the correction. We have 2 patterns. The first one is a bullish continuation triangle pattern and the second one is inverse head and shoulders pattern. The neckline of the SHS pattern is the upper line of the triangle. Bullish breakout may trigger the bullish move.

Published: 10-03-2018

Pair / Instrument:WHEAT FUTURES

Time Frame: H4

The trend in the Timeframe: NEUTRAL

The trend in the Daily Chart: NEUTRAL

Trade Based On: Triangle Pattern and Inverted Head And Shoulders Pattern

Accuracy: %82

Recommended Lot Size: 0.05 @ 10 K Account with 1:100 Leverage

Trade: LONG

AREA OF THE ENTRY: – Estimated breakout level : 527

STOP LOSS: 505

TARGET 1: 550

TARGET 2: 565

TARGET 3: 610

You can follow the trade:WHEAT FUTURES

 

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Rules To Keep In Your Mind:  Trade Safe. Money  Management is the key to success in forex trading. Do not risk more than 1% of your account in each trade.

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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money

Wheat Futures: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

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