Ichimoku Wheat Futures day trade: 30m Pull Back trade

Wheat futures has some momentum today.   We are looking for a quick low risk, high reward trade for Wheat futures.   The entry is 776.54, initial risk of 774.73, preserve mode value of 786.50, and a target of 799.38.      This would give us a max risk of 1.75 pts and a min. reward of 10pts.   This is greater than 5:1 reward/risk ratio.    If price gets to the preserve mode value before entry, we will cancel the order.

 

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About the Author Manesh Patel