We broke out of the trend - Buy opportunity Corn

We broke out of the negative trend line, backed up by higher low's indicated by the yellow increasing trendline, and a higher local high.

For sharp entry:
Wait for retracement till the horizontal line which acted as S/R recently, or wait till it retraces till the trendline.

For strong conviction:
Market order to get the length since it seems a new trend has started.

Take length with your own preferred SL/TP.

Trading is not about copying but about forming your own opinion.

Yorum:

Corn tested downside and immediately bounced of the support trendline indicated with orange. More confirmation to buy.