Sugar Monthly Log ChartSugar hitting important long term resistance line. Still above important support.
Bullish transition zone.
Trade ideas
Will sugar bounce from the support?Sugar has climb already a 100% from May 2020. However, it has been experiencing a correction for the last 11 days. Will it end on the 0.164 or will it keep falling until the 0.146 support?
The next days are crucial for decision making!
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Dreguero
Watch For BreakWatch for break of bear flag for continuation of downside move. Possible intraday rebound for a better sell entry. Short target 0.155
SUGAR : ANALYSIS 1D TIMEFRAME - PRICE READY TO GROW ! 🔔 Hello Everyone ! ! I hope you'll Appreciate our Advanced Analysis on Price Action !
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USD/CAD, WTICO/USD, EUR/USD and SUGAR/USD on watch for me today.USD/CAD:
• If price pushes down to and ideally just below the lower trend line of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing push back up followed by a tight flag and then I'll be looking to get long with a reduced risk entry on the break of the flag.
• If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place this trade.
WTICO/USD:
• If price corrects and a clear one hour flag forms then I'll be looking to get short with a reduced risk entry on the break of the flag.
• If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place this trade.
EUR/USD:
• If price pushes up impulsively above the corrective, it does so in a convincing manner and a subsequent tight flag forms, then I'll be looking to get long with a reduced risk entry on the break of the flag.
• If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place this trade.
SUGAR/USD:
• If price pushes up to and ideally just above our rayline and the last part of the move is corrective, then I'll be looking to get short with a risk entry after a phase line break on either the one hour or the fifteen minute chart.
• If price pushes up to and ideally just above our rayline and it does so impulsively, then I'll be waiting for a convincing impulse back down below it followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag.
• If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place either of these trades.
Ascending Structure + Bear Flag continuation after the Breakout.Short bias. Looking for Bear flag Continuation then Impulsive breakout with More bear flag continuation for Entry.
Sugar long - a fibo ret. discussionfundamental side - Brazil is switching production from ethanol to sugar, because of low oil prices - India and other countries in Asia have a lower sugar production because of bad weather conditions
SUGARUSD Bearish Set-upSugar is bearish towards 0.16178 and 0.15894 is the Bias.
.
Khiwe
At this profile page, the shared analysis, ideas and also, the strategy of a chart belong to Khiwe with so isme being influenced. The technical set-ups are speculative, they are not guaranteed for accuracy or in completeness in the form of any content; -it is not to advice on financial markets. Please apply your own analysis and confirm it with price action.
SUGAR - Sell Setup Forming!Hello everyone, if you like the idea, do not forget to support with a like and follow.
SUGAR is approaching strong resistance in blue from Weekly (0.17-0.18) so we will be looking for sell setups on lower timeframes.
on H1: SUGAR formed a channel in red but it is not ready to go yet. We want the sellers to prove that they are taking over by breaking below the last low.
Trigger => Waiting for that swing to form and then sell after a momentum candle close below it (gray zone)
Until the sell is activated, SUGAR would be overall bullish and can still trade higher till around 0.18
And of course, as SUGAR approaches our lower brown trendline, we will be looking for trend-following buy setups.
Good luck!
~Rich
analyse weekAt the end of the week, we notice the formation of the Pinbar candle, which indicates a strong price drop, targeting the targets 0.15617 and 0.14886.
SUGARUSD - SUPPLY DEMAND - BULLISH MOVES#SUGARUSD
NEW UPDATE ON #SUGARUSD
STRONG BULLISH STRUCTURE HERE
WHEAT/USD, GBP/USD, AUD/NZD and SUGAR/USD on watch for me today.WHEAT/USD:
• If price continues to correct and a tight one hour flag forms then I'll be looking to get short with a reduced risk entry on the break of the flag.
• If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place this trade.
GBP/USD:
• If price pushes up to and ideally just above our upper trend line or our upper rayline, then regardless of how it does so I'll be waiting for a convincing push back down below it followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag.
• If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place this trade.
AUD/NZD:
• If price only pushes up to and ideally just above our upper rayline, then regardless of how it does so I'll be waiting for a convincing push back down below our rayline followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag.
• If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place this trade.
SUGAR/USD:
• If price continues to correct and a tight one hour flag forms then I'll be looking to get short with a reduced risk entry on the break of the flag.
• If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place this trade.
Setting up and utilize tradingview (layout, drawing panel)Hello everyone:
Welcome back to a quick video on tradingview setups. Many of you have asked me about how you should set up your charts, your settings, customizations, watchlist..etc. So I will make a quick explanation video on this.
Chart:
-Create a blank chart
-Save under different names for different purposes
-candlesticks
-timeframes
-screens
-syncing
Setting/customization:
-color
-appearances
Drawing Panels:
-favorite the ones you're gonna use the most.
Watchlist:
-create watchlist
-flagging
Alerts:
-set only the ones with high probability potential, do need to set like 30 alarms.
As always, any questions, comments or feedback please let me know.
Thank you
SUGAR Correction for one more wave to the upside Hi Traders,
As I shown in last weekly outlook (Check our Last Streams at 1hour 1min on Tradingivew ) It went up really nice, hope you have make some money on it, if not there is one more wave to the upside to make some money before bigger correction or reversal.
Trade with care
