SUGAR / USD 4HThis trade will be active on monday morning ,,, More update will follow ,,, Good Luck All ,,,Longby Faisal-NagiUpdated 6
Short long-term Observed SUGARUSDHello Traders, Short opportunity SUGARUSD Be patient and have your due diligence before entering the trade. I highly honor your reflections on my analysis. Thank you. Shortby yikboyx6
Sugar - not so sweetSugar 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. Shortby salsapeteUpdated 2
SUGAR. Flat correction. Wait to short after it finishes.Sugar is in a long running flat correction. The wave Y could reach out to the 0.1580 area (where Y=W) before it drops. It could also exceed it with further Fibonacci ratios 1.27-1.618. Wait for reversal pattern at the top. Shortby aibekUpdated 6
Will Sugar Lose Its Taste From Here?Comments on the chart. The market has a way of faking a breakout and then turning tail and going the other way. So I am checking this one outShortby OluUpdated 223
SUGAR FUTURES : long It is expected that sugar producers will go to the same supply cut as the OPEC producers . Technically: Symmetrical triangle has been broken upwards on the Daily Chart. Moves in the rising trend channel.Longby eacemi4
SELL SETUPPrice moves currently in correction of medium term downtrend. Whole correction might develope in trinagle pattern and as for now quality of pattern in making is very good. I expect breakout of the correction to downside and continueation of downtrend. Looking at whole structure oc downtrend it will be last wave don on daily timeframe before reversal. You can enter short after breakout of lower line of pattern. Good luckShortby pablo82Updated 5
SugarShortCorrective pattern of this type normally lead to further trend continuation.Shortby UnknownUnicorn540299115
Possible Scenarios for SugarAs you know, it was following a bearish channel, but consider the daily resistance line around 0.127, and the lower bullish trend line who prevented more fall of price for three times, & bad fundamental news from Brazil & India, I guess I`ll buy sugar soon-possibly after breaking the upper line of channel while moving averages confirm all this too (hopefully :). But if this won`t happen, we`ll have much more fall & maybe even the lower line of channel breaks (so dramatic!) heading for the other partial trend line. For now, we`ll wait, but if you`re love with setting up positions, set an approximate buy stop over the channel! by redlight72
Sugar: Triangle Pattern Suggests An Immediate Upmove...... then a downmove to new lows. Comments on the chart. Longby OluUpdated 1