Trade ideas
Sugar Weekly Outlook ( New Trend ) Looking for long term trading this is a chart that can show the opportunity of making a trade with a Risk/Reward Ratio of 4.2 ! For every dollar of risk you can make 4.2 dollars. The target profit is at that level because it is the level 0.618 of the downtrend that can retrace back to that point plus showing a higher high with the new formed trend( the bullish trend )
SUGAR (SUGARUSD) long setup- Completion of a bat pattern
- The entry point @ 0.15045 lines up exactly with previous support line. The support line is highlighted by price behaviour in the blue rectangles
Short bias on SugarThe bigger picture is trending in an downtrend. New daily sz created at weekly sz. Short bias on Sugar.
SugarUSD - ABCD Harmonic At SupportABCD harmonic pattern at area of support. I will be looking at the shorter time frame charts for further entry signals.
Possible long for sugarSugarusd posible long
1) heikin ashi losing its steam and soon might turn in to green
2) TDI indicator oversold and starts to point up
3) Stochastic confirms oversold and points up
Enter trade when candles turn to green, TDI green line crosses red and keep until candles will flat or turn red again.
Strong support from 2016. Possible bounce to 18.20-19.20
Sugar - going longDear Traders,
Expect the sugar to come long. I expect it to hit the upper trendline and break it but watch out, it could go one more down.
Happy tradings all.
SugarRejection at support zone with a pin bar last Friday.
Possible bounce next week to test 0.1950, at least. Potential R is less than 2 if buying at break on pin bar high. A tempting trade nonetheless.
SUGAR AB=CD PATTERN We have AB=CD pattern in development as a ABC corrective structure.
I expect next wave to terminartes near 0.15500 level.
Bullish for SugarHere's a possible count for Sugar showing that it may be embarking on a 5th wave with more upside to come.
Sugar Could Break down Notice, Daily chart exhibits a substantial H&S pattern. If the daily neck-line is broken sugar prices could drop significantly from here.
Daily:
Notice the monthly impulse targets a retracement at the same length of the daily H&S pattern.
Multi-Month/Twenty Year Chart:
