Kumowizard
Long

$SB - Sweet double bottom?

OANDA:SUGARUSD   CFDs on Sugar
Sugar has some bullish bias.

Weekly:
- Ichimoku neutral, but price is very close to cloud top, a bullish breakout could easily happen. Supports: 0,1217 and 0,1157.
- A close above 0,1315 would confirm both a bullish Kumo breakout and a major double bottom . In this case space would open to 0,18 target (appr. +40 % upside)

Daily:
- Buy signal after price touched Kijun Sen.
- Setup is bullish , a higher high above 0,1315 would accelerate the move.

If you chek the price action back to 2016, you can see once it starts trending, it moves very quickly. Keep an eye on it.


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