Sugar forming double top on the daily chart. If the daily candle close below the horizontal line that's a good short signal. if it close above the line, then need to wait to confirm because maybe that's a fake breakout.
Enter SUGARUSD at 0.14392. Take Profit at 0.15120.
SUGAR on the 4h chart after reaching the 0.15 level starts a retracement move. The price touches e exactly the 0.382 fib level and created a falling wedge. IF the market will close and break above the 0.14300 area and consequently breaks the descending trendline we can set a nice long order according to Plancton' strategy. ––––– Follow the Shrimp 🦐 Keep in...
SUGAR on the 4h chart after reaching the 0.15 level starts a retracement move. The price touches almost the 0.382 fib levelk. IF the market will close and break below we can set a nice short order according to Plancton' strategy. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure...
Sugar is preparing for something big. The price is in range for a couple of days now and the ATR is dropping. I'm biased for some reason that price will drop sharply. However the trend still remains bullish on all TFs. Hoping to see price at the area of value to work out intentions from there. Good luck traders. Note: I'm no trading expert nor have the...
SUGARUSD Entry Price 0.14420 Target Price 0.15114
SUGARUSD Entry 0.13888 Exit 0.14716
Following yesterday's idea (pls see below for link) and after engaging a few long orders today sugar turned long as we expected. The uptrend is now stronger than before (see the two green lines) and the price is currently at a critical level. At this level we can do two things: 1) increase our trailing stop losses to a new level (I suggest you consult the ATR...
Sugar a few minutes ago reached the expected level I was refering to in my previous idea. The trend in bullish although we have a strong pullback just now. The COT data metioned on the chart supports further climb (unless something happened in the meantime that we still don't know about). As usual nothing is certain in the markets. So as I see it with the...
SUGAR is clearly bullish on 4h-D-W time frames. On the monthly time frame we expect at some point (mid-term I would say) to retrace back to the Fib 0.382 level. The COT (Commitment of Traders) outlook of the institutions for the week of SEP 29 supports the bullish trend as net positions increased to 248.345 compared to 234.659 of the week before that. Volume...