Tuesday, July 20, 2021

Soybean 15 minute Scalp



See notes on chart. Entered short using YK mini contract ($10/pt) at 1392 7/8 on 15 minute chart right before 8:45am ET break. Price came close to a 61.8% Fib retracement.

Market re-opens 9:30am. If it breaks above the double top by more than a little, then I'll exit quickly and look to possibly re-enter short at the 78.6% Fib.

Entry: 1392 7/8
Stop: 1413 above 78.6% Fib
Target: 1358 at the -27.2% Extension

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