SOYBEANS WEEKLY ANALYSIS - PRICE HAS FINALLY BROKEN OUT OF RANGE

Finally! Soybeans has broken out of the range its been trading at on the weekly time frame for almost a whole year. Wow.

Will price continue to go up? Probably, I'm going to wait for a delicious retrace before entering long.
Now since this is on the weekly time frame this might take a week or two before a setup emerges.

Be patient, wait for confirmation, wait for the bulls to show their hand and the bears to fold. Trade with the trend friends.


Daily trade analysis and ideas:

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