[Week 4 - 2020] Trades Recap and Trade Setups

Good day TTs,

What a hectic week especially over the weekends. What is supposed to be a festive season for the Chinese ended up with an epidemic of the coronavirus in Wuhan, China. Risk assets futures gap down when the Asian market open. Now let’s head to the review of the trade that was made last week.

Soybean futures

Last week I have entered short position as the priced broke below the neck line. I have added small positions when the price pulled back to the 50MA @ 30mins. Price seem to have potential to reach down to Dec’2019 lows.