The little rightmost candle is currently a doji above the 8ema. This is the currently trading overnight candle. The shape of that candle will most likely change all day until the grains market close at 14:20 ET. But the current candle having gapped up at the open, not making any new lows overnight, and looking like a doji above the 8ema, makes me a little cautious.
So, while overnight trading should not be given much weight in my opinion, and this trade still looks very promising, we moved the stop loss from 315 to break even at 308, which is above the open of yesterday's candle. If price comes all the way back up to 308, its time to get cautious anyway.
However, a partial retrace would be normal. If we get taken out by the closer stop, followed by price starting back down again, we'll have to get back in. We need to be extra diligent today if price starts rising.
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