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salsapete
Dec 6, 2017 11:28 AM

Sugar - not so sweet Short

SugarOANDA

Description

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.

Trade closed: target reached

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