We already traded WHEAT weeks ago with some success, and I found this setup quite interesting. On daily we have another nice breakout, that could lead to another false breakout. But in this case we are narrowing down on the support and resistance so we should see some break in the following weeks. Taking into account macroeconomics, I'm betting more on the upside than downside for WHEAT. I added a mid-range TP that looks achievable this year. This is a long trade, so be prepared to keep this one forever. SL (if any) should be around 3.55.
Trade with your own diligence. GL HF
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Looks like a solid breakout.
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Because I'm a careful guy I'm booking 10% here and set SL@be. Seems like we catch the breakout at the right time.
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SL@be taken away... Such a shame for this good start.