SUGARUSD trade ideas
Long Sugar - just finished 5 wave bear?On the daily chart I think sugar is coming off a 5 wave bear and starting a new trend. I'm watching the 1hr and 3hr timeframes and tomorrow will check for confirmation on upward swing in momentum. If it's there, I'm going long.
testing support again1st support at 11, then 104, then a long term support level at around 094. indicators oversold
testing support again1st support at 11, then 104, then a long term support level at around 094. indicators oversold
Suger 11 is @ bottom Hi Traders,
Suger N°11 is at the bottom,
I expect, that it will be high retourn on this trade,
Respect your money managment
Best luck
Omar
Buy SugarSugar Buy because
a) Bullish Divergence
b) Wave 2 completed at 61.8%
c) Wave 3 started
Long term hold for explosive profits
Sugar warming up!!!Sugar got rejected at weekly resistance initially. Price is possibly forming higher low. Looking for buy signal here for a move to 0.1500.
SUGAR BUY COMING SOON?LONG TERM BUY GETTING READY.
TRADE WITH A STRATEGY.YOU MUST KNOW WHEN TO GET IN AND WHEN TO GET OUT.
TRADE WITH CARE.
Sugar setting up!!Hello friends
Watch sugar here as it is pulling back from weekly kijun and resistance zone. What do we have:
-Kumo twist on daily
-Chikou above price
-Breakout with price pulling back
-Tenkan and Kijun rising
-Macd is crossed up
I am looking for long entry with target to highlighted resistance area above. near 0,15. Let's see how this one plays out.
Thank you for the read
BUY SUGARPros
Double bottom
First high low
Test of the last
Weakness of the dollar this week.
Above the uptrend on the weekly timeframe.
Bullish on longterm.
Correction of 38.2/50 of the last bearish wave.
Cons
The objective of the formation is too aggresive.
The commoditie index is at a resistance level + divergences.
Countertrend on daily timeframe.
Strategy
Buy when the price break the resistance level at 0.116.
I prefer to manage the stop dinamically, moving it to the last low, instead of wait for the whole TP. The position is too aggresive.
Watching closer now...Watching for a decline off of the upper resistance line, drop to support near .11 (making a higher low), then there could be a breakout above resistance
SUGAR bounce at Trendlinestill in sharp downtrend, not sure if this is only a correction or a reversal
SugarThere is a bullish divergence on weekly chart. If price will break the ascending trendline it will confirm a new uptrend.
Sugar is going to be bearish for upcoming 1-2 daysNot going to bore you with lines and patterns. Sugar is going to be bearish for next 1-2 days. Thank me when it does. Very unlikely chance it doesn't you get an easy haha moment. I will be bearish following the Daily Chart on this instrument.
5 and 50 is your friend.
SL: 0.12227
TP: 0.10481
I am not a fortune teller so take these speculations as pure entertainment. Trading has great risk so trade responsibly.
Sugar: Now Looking For A BottomComments on the chart.
NOTE TO SELF: If the market is going well milk it for all it can give
Sugar about to bottom but not a significant rallySugar does look is about to bottom in about 1-2 weeks from now , however we do not expect it to rise before the previous cycle highs at 14.60ish
Most probable thing is it will correct below these levels , and start correcting again.
We do not see a significant rally in the near future .
Indicators oversold, current resistance testing the 618 fibMove up from here could take it to .12995. This downward move hit the 618 retracement. Watch for a break of the downward sloping resistance.
