...wait for the break of the support line. For SL/TP pls. see chart.
This is not an Investment advise this is just my personal opinion.
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Good timing. Nice move so far.
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Half way. Take some profit.
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After I have sold already 70% of the position and made a good profit I keep the position as it is and move SL to BE (plus minor profit to cover the cost of the trade).
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Check out as well soybeans, corn and wheat... Work with tight SL
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Half way. Take some sweet profit.
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Back to BE... I am closing this trade. We made a good profit on this trade - actually twice. I keep 15% of my position and closing 15% at BE.
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We have just confirmed the weekly downward trend and we broke the daily upward trend. We can now reenter the trade with TP1: 2.55 TP2: 2.50. Ride safe guys..