Good Morning
From a mild Johannesburg and ahead of tonights WASDE (out at 7 pm local time) I would like to share what I feel to be a very RR (risk/reward) trade.
Of all the softs heading into tonight's numbers, I feel that Corn has the highest probability of rallying.
I believe that we can see a rally toward the $4.24 level in the coming days and post tonights numbers.
The targets also fit perfectly in with the 61.8% retracement.
At current levels, this trade presents us with a 31/10 bet based on a stop under $3.71.
This could just be the way to end off the 1st week of 2020….. with some decent $$$$ in your pocket!
Happy hunting and always remember the following: “hard work and discipline will always trump talent when talent does not work hard” ~ anonymous
Giancarlo
From a mild Johannesburg and ahead of tonights WASDE (out at 7 pm local time) I would like to share what I feel to be a very RR (risk/reward) trade.
Of all the softs heading into tonight's numbers, I feel that Corn has the highest probability of rallying.
I believe that we can see a rally toward the $4.24 level in the coming days and post tonights numbers.
The targets also fit perfectly in with the 61.8% retracement.
At current levels, this trade presents us with a 31/10 bet based on a stop under $3.71.
This could just be the way to end off the 1st week of 2020….. with some decent $$$$ in your pocket!
Happy hunting and always remember the following: “hard work and discipline will always trump talent when talent does not work hard” ~ anonymous
Giancarlo
交易开始
After a decent pullback and rally off the ST lows, this chart is well on track to trade toward its targets!交易开始
The stop is still active and we are patiently waiting for the rally to resume and feel that there might be an overreaction to the corana virus.
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