redlight7

redlight7

As you see, the daily channel is under pressure to break down! If it`s not confirmed, we can buy again and our order will be canceled. But for now, let`s set a sell stop :)

redlight7

As 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 :)....

redlight7 Updated 

We`re in the third motive wave and I`m too conservative in choosing my tps! SL:1.34475 TP1:1.30700 TP2:1.28637