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Sugar No. 11 CFDSugar No. 11 CFDSugar No. 11 CFD

Sugar No. 11 CFD

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SUGAR trade ideas

Early bullish signalsSugar may deliver a bullish breakout soon. It already shows some early bullish signals at equilibrium. - Ichimoku is neutral. It will tudn bullish if price spikes above Kumo, later you will have to monitor Senkou Span cross (Kumo twist) ahead, and Chikou/past candles cross as confirming signals. - Heikin-Ashi may turn bullish. Green candle after price failed to break back below Kijun Sen. Need to see a confirmation in form of haDelta+ and haOscillator cross up above their mid lines. - Price is above Kijun Sen and EWO is green. - MACD points up, but below mid line -> consolidation. Real key levels are 14,50 and 15. Above these space opens to 17 target. I do not send this post to Twitter, as there I already called your attention hours ago. Good luck, and God bless the Japanese chart techniques! :-)
FOREXCOM:SUGARLong
by Kumowizard
Something to watch- Ichimoku setup is bearish, as Price managed to climb back to Kumo, after testing very important long term horizontal key resistance at 12,55+. Now Price is located between Tenkan and Kijun lines (above Kijun), while Tenkna/Kijun is in weak bullish cross. - Heikin-Ashi turned bearish after test of Kumo and 100wma. - EWO is bullish. MACD is neutral - Upper key level for this market is clearly 14,55. What do we have to watch now? As EWO is in bullish territory and Price is above Kijun Sen, we have to see what Sugar will do if it drops to Kijun, which is the short term lower key level now at 13,59. If we see a possible momentum reversal or a clear buy signal there, then we can enter maximum 1 risk unit long position. Bigger size long only above 14,55. Remember! You do not buy automatically at Kijun, as market may wash through it to the downside. Just because Price is above it now, it doesn't necessarely mean it will stay above it. You buy only, when there is a bullish signal at the *possible* support.
FOREXCOM:SUGAR
by Kumowizard