I'm looking WLD at a strong bullish momentum where price has broken above key demand zones around 0.91 – 0.96 and kept forming higher highs and higher lows. The recent breakout above 1.00 psychological level confirms buyers are in control.
Now, after a sharp push to 1.06, price retraced and stabilized near 1.02, which is a healthy sign of continuation.
Trade Setup
Entry Point:
I'm entering around 1.020 – 1.025 (current zone of consolidation after retrace).
Stop Loss:
My stop is just below the recent support at 0.990. This protects me if buyers fail to hold above 1.00.
Target Point:
First target at 1.060 (previous high).
Second target at 1.100 if momentum continues.
Why This is Possible
Strong uptrend with clean bullish structure.
Fresh demand zones left below at 0.96 & 0.92 mean bulls are stepping in aggressively.
Break and hold above 1.00 psychological level confirms strength.
Volume surge on breakout adds conviction.
Final Trade Plan
Buy at 1.020 – 1.025
Stop Loss: 0.990
Targets: 1.060 / 1.100
Risk-to-reward is solid here, around 1:2.5 – 1:3 depending on execution.
Let's go and trade now $WLD