Description
⋅ 1) the recent pullback to the 50% fibonacci level seems like a valid entry to long Sugar.
2) however we shall keep in mind that the resistance level have not yet been broken.
3) we also see the MadD forming a bullish divergence.
4) depend on your Risk to reward. a stop loss below 50% fibonacci level and below the bullish engulfing candle's wick of the fibs will be good.