Sugar is giving a very good opportunity to enter a long trade soon when we see a break of the bullish flag that was formed to retest the broken zone. Also rejected the 50% fib-level, we have a lot of confirmations here, don't miss the trade!
Price broke out of ascending trend line and has a high probability to retest the broken zone before falling more down. Definitely a pair to put on your watchlist next week, I expect a strong CHF next week.
There is a possibility that this pair will create a double bottom after it broke out of an descending trend line. Although we still need some confirmation that bulls are entering the market to establish a move to the upside. Thoughts?
Last week, this pair moved in an ascending parallel channel. We expect the bearish trend to continue towards the bottom of the channel and support zone. Once reached this area, we will look for buy opportunities.