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