CORN.c CORN.c Short Trade Plan (Daily Timeframe)
📍 Trade Setup
Direction: Short
Entry: Instant / Current Market Price (CMP)
Stop Loss (SL): 465.97
Take Profit 1 (TP1): 403.36 (≈ 1:1 Risk-Reward)
Take Profit 2 (TP2): 387.00 (≈ 1:1.5 Risk-Reward)
📊 Technical Justification
Trend: Downtrend confirmed – price forming Lower Highs and Lower Lows.
Candle Pattern: Bearish shooting star near resistance – strong rejection signal.
🌽 Top 3 Bearish Fundamental Reasons
Favorable U.S. Weather Conditions
→ Ideal for crop growth → higher yield expectations → bearish pressure.
Weak Global Export Demand
→ Sluggish corn exports (e.g., China slowdown) → less global demand for U.S. corn.
Strong U.S. Dollar
→ Makes U.S. corn more expensive internationally → lowers export competitiveness.
🎯 Risk Management & Execution Plan
Risk-Reward (TP1): ~1:1
Risk-Reward (TP2): ~1:1.5
📌 Once TP1 is hit:
✅ Move SL to Entry (Breakeven) to protect capital and ride remaining position to TP2.
