Found what looks like a great opportunity in March Soybean Oil. Anything can happen, and the patterns can fail of course, but this looks very promising at the moment. I found 9 bullish indications price should trend higher from here.
Not only that, but the target level has four (4) different independent indications. And, as a bonus, this trade has a fantastic Risk/Reward Ratio.
Check out this 10 minute video for all the details:
Bottom line:
Entered long 2/12/2020 at 30.94
Target set at 32.74
Stop loss set at 30.25
Risk = (30.94-30.25)*$600 = $414
Reward=(32.74-30.94)*$600 = $1,080
R:R=1080/414=2.6:1
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