Sugar is consolidating within a wedge pattern, after recent rejection of the 200 MAV . Looking for a short target at confluence of
1. Supporting lower trendline.
2. Monthly S1 support
3. .618 fib of D leg of Advanced pattern.
Stop is aggressive just above 2 bar high.
Risk reward is 1.6.
1. Supporting lower trendline.
2. Monthly S1 support
3. .618 fib of D leg of Advanced pattern.
Stop is aggressive just above 2 bar high.
Risk reward is 1.6.
Trade closed: target reached