Trade ideas
EUR/JPY, EUR/USD, AUD/JPY and SUGAR/USD on watch today.EUR/JPY:
• If price 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 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.
EUR/USD:
• If price pushes up to and ideally just above the upper trend line of our most recent piece of structure 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 fifteen minute or the one hour chart.
• If price pushes up impulsively to and ideally just above the upper trend line of our most recent piece of structure, then I'll be waiting for a convincing push back down 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 price pushes up to our upper rayline, then regardless of how it does so I'll be waiting for a convincing push back down 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 none 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 any of these trades.
AUD/JPY:
• If price pushes up to and ideally just above the upper trend line of our most recent piece of structure 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 fifteen minute or the one hour chart.
• If price pushes up impulsively to and ideally just above the upper trend line of our most recent piece of structure, then I'll be waiting for a convincing push back down 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 price only pushes up to and ideally just above the upper rayline of our most recent piece of structure, 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 again be looking to get short with a reduced risk entry on the break of the flag.
• If none 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 any of these trades.
SUGAR/USD:
• If price 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 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 price merely pushes up to test and ideally break just above our most recent high 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 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.
Kickstart My HeartForget the noise, this is THE chart to tell you what's about about inflation expectations.
Sugar rush 🦐After our last profit on this interesting market sugar reached the resistance zone at 0.15850 level.
The price is still moving inside a daily ascending channel and testing now the resistance.
IF the price will break above we can check, according to Plancton's strategy, for a nice long order.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Leave a comment that is helpful or encouraging. Let's master the markets together
Sugar double topSugar forming double top on the daily chart. If the daily candle close below the horizontal line that's a good short signal. if it close above the line, then need to wait to confirm because maybe that's a fake breakout.
Head and shoulders break on sugar?I think this is a break out. Same pattern as wheat, although with a less pronounced head.
2021...The year to become a $SUGARUSDADDYThis chart says enough. The fact it's a spicy sugar daddy joke makes it an even better.
DXY looks like it will continue to fall. My broker gives 12x leverage, so if it sugar hits my target, it's around a 6x return. That means sugar is a buy and hold.
Fibs, moving averages, keltner channels all indicate a buy.
Good luck out there.
SUGAR Continue to the previous top
Hi everyone:
Once again Sugar is shaping up for the continuation correction to the upside.
We see the previous impulsive phase has finished, and price begin to form this correctional structure. Good indication for bullish momentum to resume.
I would be waiting for price to complete the correction and a confirmation break out follow by LTF correction to look for buy entry.
thank you
Sugar Trade (Entry at 0.14392) (Take Profit at 0.15120)Enter SUGARUSD at 0.14392. Take Profit at 0.15120.
Sugar holding strongI guess nobody told sugar to back off it's inflation expectations. Now above volume defined breakout line.
SUGAR on the 0.382 🦐SUGAR on the 4h chart after reaching the 0.15 level starts a retracement move.
The price touches e exactly the 0.382 fib level and created a falling wedge.
IF the market will close and break above the 0.14300 area and consequently breaks the descending trendline we can set a nice long order according to Plancton' strategy.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Sugar Defined InflationOkay, strong move for a while, does sugar now need a breather? Very close to some generational breakout action... Can you spell I-N-F-L-A-T-I-O-N! #sugar #commodities #gold #silver
SUGAR on the 0.382 🦐SUGAR on the 4h chart after reaching the 0.15 level starts a retracement move.
The price touches almost the 0.382 fib levelk.
IF the market will close and break below we can set a nice short order according to Plancton' strategy.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
