Its time for a sugar rushSugar is respecting an important area, and after holding the support area of 19's I expect a travel to the 24 level. First stop at TP 1 21, TP 2 22 and TP3 24.
High risk-reward option for this trade.
Good luck
2 Scenario fot Sugar Dailydo now it came to retest the resistance and for me two scenario is waiting us
Sugar run to 0.213Wait move up in channel to 0.213.
Down channel. Wait target upper line. My target 0.50% Fibo.
Sugar Is No Longer SWEET~Back in April 2021, I said sugar was sweet! It had a phenomenal run since. However, that has now come to an end. After breaking a rising wedge. Sugar bulls should use this recent pop to take profits and lock in the profits.
SUGARUSD Chart, rebound insightSugar could hit the lower resistance and then bounce to the higher resistance.
OANDA:SUGARUSD
Sugar Bearish Trend The asset is in a downtrend, the weekly, daily, and 4-hour trends are in sync. I am waiting for the creation of a higher low to open a position.
AUD/JPY Long and SUGAR/USD LongAUD/JPY Long
• If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a subsequent impulse back up on the one hour chart followed by a tight two touch fifteen minute flag and then I'll filter the latter on the five minute chart and be
Sugar near a topBased on price action, sentiment and several indicators, a good SHORT opportunity is building here.
Sugar is in its 5th wave. ABC correction afterwards.
NFA.
Sugar | Buy the dipHello friend!
in my opinion there is a high probability that sugar will bounce up from this zone. chart is a little messy i know.
Good luck & DYOR!
📈📊 #ChartPattern Alert! 📈📊 📈 Rising Wedge 📈📈 What is a Rising Wedge? The Rising Wedge is a bearish chart pattern characterized by two converging trendlines, with the lower trendline sloping upward more than the upper trendline. It typically signals a potential bearish reversal, with the price likely to break downward after the wedge pattern.
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