rludvik

SUGARUSD - betting on long

Long
OANDA:SUGARUSD   CFDs on Sugar
I'm not trading these assets frequently, but are nice from technical perspective.
I expect it to break above current resistance and go to 0.15 area before it will cool down. Daily MACD is not looking promising, but RSI is warming up. From weekly perspective, MACD is OK and RSI is running flat in the overbought area. Nevertheless, weekly close above 0.134 would signal to enter on any pullback on smaller timeframes and aim for 0.15-ish.

There is a hidden divergence on 4h chart, if someone is in scalping mode :)

Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
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