monthly, weekly and daily shiftsa nice display of the obelisk shift i've been talking about. the understanding of time itself moving through light.
reversal at obelisk obviously...but long and strong into it! steady and lengthy out of it :D
SUGARUSD trade ideas
SUGAR DOWNWARD CHANNELPrice action respecting the downward channel.
Price failed to stay on top of the EMA50 line
Short all the way down to 0.105 (TP), while preparing to go long after.
Need to consolidate before going longAs the title says. No place to put stop loss in the current structure.
SUGARUSD LongSugar has just broken out of a falling wedge pattern which could also be bullish flag. Nothing too complex, but I marked out where any divergences have played out coupled with the RSI > 65 signalling intermediate tops. I think sugar has anywhere from 5 to 10 percent to go up before marking another intermediate top.
For this trade, use the CANE ETF. I would suggest a stop below today's open and to just let this trade run.
Sugar Usd Short Set-upSugar to Usd 60M, - strong highs it doesn't look like bulls will make it though an up trend. Bearish interests, and a bullish break above dsl will invalidate the Set-up
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:
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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:
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SUGAR : LONGSugar is trying to hold onto the trend channel.
We are currently in a very volatile process.
You can wait for this week's closing. (Friday)
Since I deem it appropriate for risk / reward ratio, I suggested a position like this:
Stoploss: 0.11403
Target : 0.12764
Looks to retest 0.1Price has made a series of lower lows and lower highs in a channel, indicating bearish pressure.
Sugar Going Down Before ChristmasPrice will eventual go up as we go closer to Christmas but it has to head back down into a area where buyers orders are waiting.
Sugar - Historical Pattern repeat?Historical data + wishfull thinking :)
And its October now,- so Sugar Rally is on!
SugarUS LongSugar weekly candle just closed above the 20 ma and the 21 ema. Looking left when that occurred in the past we had at least one additional full body weekly candle close above those moving averages before trend reversal OR start of a further uptrend , especially in those cases that 21 ema crossed over the 20 ma to the upside.
Linking this idea with my previous long position on Sugar.
nice downtrending channel on Sugar!When will Sugar bounce off of this channel, and if soo, to the upside or downside?
Personally, I am still holding a short position from 0.1135.
Let's see when it will bounce back.. :)
Sugar Long Term chart: Sweet, Then SourBeautiful structure as sugar price gonna complete the large correction to tag the multi-decade low of 0.0526
Wave C is 5 waves and it is in the second leg of wave 4 up before the last drop.
Bounce Off on the SUGARUSD priceHello Traders,
Price actions on the Sugarusd are showing reversal setup for upside.
Price can shoot to 0.15$.
Use Stop loss.
Trading involves risk on your invested capital.
Best Regards
Sugar US Long Waiting for the price to break to the upside after consolidating inside the descending wedge
Negative momentum on the MACD decreases as price moves to lower lows -bullish divergence.
First target for profits the 0.12128 high to 0.11322 low 0.5 fib level
Second target the 0.12599 to 0.11322 low 0.5 fib level which happens to coincide with the 0.618 of the fibonacci mention above
