First of all pls try to follow me on Twitter too, as sometimes I post charts and trade ideas only there. (I think my last long indication on Sugar was shared on Twitter first)
- Price reached Weekly Kijun Sen, Daily Kumo and first Daily bearish trendline. Weekly haDelta/SMA3 may cross down.
- At bearish support Heikin Ashi signals loss of bullish momentum, possible consolidation or pull back ahead
- Trail your stops, if you have not yet taken profit already.
- On weekly chart watch Kijun Sen on top side and check if we will have a lower low in coming weeks.
I was long from 10,80 avg, I reached my initial price tgt so I am out now. We need to watch price action, as a bullish breakout can still hapen, but for next few days it is more likely to sideaway move or some dip first.
For Bears I do not recommend to go short until further signal, or until Price breaks back below 10,95.
- Price reached Weekly Kijun Sen, Daily Kumo and first Daily bearish trendline. Weekly haDelta/SMA3 may cross down.
- At bearish support Heikin Ashi signals loss of bullish momentum, possible consolidation or pull back ahead
- Trail your stops, if you have not yet taken profit already.
- On weekly chart watch Kijun Sen on top side and check if we will have a lower low in coming weeks.
I was long from 10,80 avg, I reached my initial price tgt so I am out now. We need to watch price action, as a bullish breakout can still hapen, but for next few days it is more likely to sideaway move or some dip first.
For Bears I do not recommend to go short until further signal, or until Price breaks back below 10,95.
