Sugar is at a very interesting spot for a short trade. Although this is an aggressive entry, the potential reward makes the trade be worth a try. We have a clear sentiment extreme, and rgmov alerts of hidden selling, plotting lower lows when the market is going for a sharp climactic ascent. We also have divergence in CCI, so you could consider shorts if the next day turns down. Either sell under the last daily close, or short any new daily low. Stops should be over 17.62 as a bare minimum.
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Link to Tim West's chatroom: www.tradingview.com/chat/
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Link to Tim West's chatroom: www.tradingview.com/chat/
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Comment:
We have a rebound, inside day so far...let's see how it goes.
Trade closed manually
