I preparing for signal to buy some sugar. Lets see how price will go in these days.
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
SUGARUSD Entry -Above highs of pinbar Stop -Below lows of pinbar Target -2 times stop Risk Management -Risk 1% to 2% -Ratio: 2:1
0.116 should be good level to reentry, fib 0.5 support, plus strong trend line support
my woman hates the sugar cabal. i made a chart. here ya go.
Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy. Don’t take a trade if you don’t see clearly when big guys are in.
As I posted ideal buy zones for sugar previously, here is a little update.
Technical Analysis and Outlook Sugar closed at $1281 on Wednesday busting though Key Resistance $1268 . Prices are closing nearer the Sugar Rally $1327 each trading day. Profit taking may pull down the soft commodity to Mean Support $1236 following striking a four-month high $1302 today. The bulls hold the over-all near-term technical edge, since the...
After a huge sell-off it is time for the sugar to shine. We have a big 1 week candle and huge 1 month candle so far. But as it grew so fast and furious it needs to calm down a bit. I am proposing a trade based on RSI and closing top of the channel and 13$ . In the upcoming week we will move in the area of 12-13 $. Short: 12.7 - 13 area (I have opened a short,...
Our sweet friend looks very good, both short and long term, I will see how this movement works. It only remains to check how it looks from the fundamental point of view. Best wishes to all!!
Technical Analysis: - Double Bottom at 10.45 from August 2015 - Oversold on daily/weekly timeframes - Retest of 5monthSMA likely @ 11.50 Fundamental Analysis: - Look for Brazil Real bounce against USD - this will lead to less selling for $ and more domestic demand in Brazil - Higher lows since 1985 reflecting growing demand - Higher energy means more domestic...
Description in the Chart.
Pros Double bottom First high low Test of the last Weakness of the dollar this week. Above the uptrend on the weekly timeframe. Bullish on longterm. Correction of 38.2/50 of the last bearish wave. Cons The objective of the formation is too aggresive. The commoditie index is at a resistance level + divergences. Countertrend on daily timeframe. ...
Sugar is nearing its bottom and looks to give a reversal in the coming week's. Expected price close for the 2nd Quarter is around 12.50/13$