XW1! trade ideas
XW1if the market breaks the support (4980 -4925) there is a probability that the price will drop more.
if you liked this idea or have your opinion on it, write in the comments.
DISCLAIMER: As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level. Not every idea is a valid trade. This analysis is a trading idea, not a trading signal for you.
ZW the wheat has reached a strong resistance so it dropped to the 0.23 fibo level but it could not break it and we see a wick on the last candle which is a buy signal.
if you liked this idea or have your opinion on it, write in the comments.
DISCLAIMER: As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level. Not every idea is a valid trade. This analysis is a trading idea, not a trading signal for you.
ZWK2020The price of wheat decreased from the resistance drawn on the chart to 0.23 Fibo area, and from it it bounced back to the top exactly to 0.5 Fibo area, but did not break it.
We watch the price if it breaks the 0.38 area strongly, it is likely to reach 0.23 Fibo area or more.
If it bounces back from the 0.38 region and breaks the 0.5 zone, it will likely reach the 0.61 Fibo area.
Traders, if you liked this idea or have your opinion on it, write in the comments.