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Sugarusdshort

SUGARUSD Bearish ShortTrading AnalysisSUGAR RAWUSD Bearish trend forming for Sugar Commodity We are seeing a Elliot 5 pattern way theory occurring as well on the 2-3 hour charts. But most importantly sugar is spiraling down towards a major support level. Clearly the uptrend has broken it's trend line with a fake cat bounce/retest making it definite the reversal has occurred. FIB LEVELS also mention that the support is a crucial zone of interest. As it could reverse or keeping it's bearishness due to it's heavy many spikes of volume. A parallel channel has formed. I would place a sell limit in it's latest order block as seen in the picture, also to mention that there are many inside bar candles in this order block which can be used efficiently for the right trade, in this scenario shorting. A nice 650+ pip move if all goes as speculated. - David van Delden
VANTAGE:SUGARShort
by ImperialTrading
Uptrend in sugar confirmed - buy opportunityIn my last post I indicated a great buy opportunity on sugar at 0.100. Now one week later, sugar is trading roughly 7.5 percent higher at 0.1075. We can see it forms a nice uptrend since the strong rebound at 0.900 price level, forming a support line with the support at 0.100. We are dealing now with the previous local high of 0.108 early May, and we will battle with the 50 Daily EMA. However, the strong rebound, with the uptrend, breaking the downwards trend of the last months, makes me believe we will breach this level, catching attention of a lot of people. Breakout will lead to stronger momentum and new high’s. It’s still a good opportunity to get in now. Time it well and choose your own SL/TP levels.
OANDA:SUGARUSDLong
by pptw
SUGAR SHORT D1 UPDATE - DOUBLE TOP REVERSAL COMING?Hey traders, this is the update for the Sugar trade that I am still currently in. Looks like price has come back up to the green trend line before reversing. Looking left we see that price reached this exact area before, creating a potential double top pattern. If you did not enter before, now would be a great time with a risk to reward of 3. If price can break the neckline bears will be in full control. The moving averages are also looking like a bearish cross soon on the MACD. Daily trade analysis and ideas: Telegram: t.me Facebook: www.facebook.com Twitter: forex_dojo Instagram: www.instagram.com Website: www.forexshinobi.com Tiktok: @forexshinobi ForexShinobi
OANDA:SUGARUSDShort
by FXShinobi
SUGAR DAILY ANALYSIS - TL TOUCH AND 61.8% FIB RETRACE SHORT?Sugar came up to test the upper green trendline before price reversed. Price then retraced to the 61.8 Fib Level before moving back down. It looks like the bears are in control for now, and Sugar should continue to push lower as October comes to an end. Daily trade analysis and ideas: Telegram: t.me Facebook: www.facebook.com Twitter: forex_dojo Instagram: Jaylen.Forex Website: www.forexshinobi.com ForexShinobi
OANDA:SUGARUSDShort
by FXShinobi