Nice reversal about to occurI cant understand everything going up oil on high and sugar big move down? prepare for up move?
SUGARUSD trade ideas
Sugar price to hit 0.153 in the next days, mid-run looks bearishAlthough in the next days the price increase can continue up to 0.1536 level, the gray support line does not look strong enough, which means 0.1133 can be seen in the mid-run, the price can hit its long run support level.
The Sweetest Sugar trade that relies on chart geometry and MAThe yellow shaded zone was widened to indicate (1) a jump off point from the base/consolidation into a price territory where the price of sugar started stalling. Also the top of the rectangle shows where some sellers started to press down. This is not technically a series of lower highs yet, meaning on every rally they sell but the pattern is emerging. I included exponential moving averages in a ribbon format to show where I think the selling pressure might be exhausted, and it is within ticks of my overall target. This is subject to revision if I notice any moment of strength. Sugar is not weak in the trend overall but the height measuring tool suggest a slight pullback would be in order
The other aspect of this trade that is good is that the ratio of risk to reward is good given the amount of risk you are willing to take.
SUGAR / USD 4HThis trade will be active on monday morning ,,,
More update will follow ,,,
Good Luck All ,,,
Short long-term Observed SUGARUSDHello Traders,
Short opportunity SUGARUSD
Be patient and have your due diligence before entering the trade.
I highly honor your reflections on my analysis.
Thank you.
Sugar - not so sweetSugar is consolidating within a wedge pattern, after recent rejection of the 200 MAV . Looking for a short target at confluence of
1. Supporting lower trendline.
2. Monthly S1 support
3. .618 fib of D leg of Advanced pattern.
Stop is aggressive just above 2 bar high.
Risk reward is 1.6.
SUGAR. Flat correction. Wait to short after it finishes.Sugar is in a long running flat correction.
The wave Y could reach out to the 0.1580 area (where Y=W) before it drops. It could also exceed it with further Fibonacci ratios 1.27-1.618.
Wait for reversal pattern at the top.
Will Sugar Lose Its Taste From Here?Comments on the chart. The market has a way of faking a breakout and then turning tail and going the other way. So I am checking this one out
SUGAR FUTURES : long It is expected that sugar producers will go to the same supply cut as the OPEC producers .
Technically:
Symmetrical triangle has been broken upwards on the Daily Chart.
Moves in the rising trend channel.
