HEAD AND SHOULDERS PATTERNWe have possible inv head and shoulders pattern in development on daily timeframe.
It would be a good idea to entry after breakout of necklinme and aim at least to targets as maked on chart.
SUGARUSD trade ideas
SugarMarket is approaching the DTL. WIll be watching the price action around this DTL next week with great interest.
DTL and 200EMA are pointing to bearish bias.
A break and close above DTL may indicate potential trend change.
Keeping an open mind at this moment.
Sugar Long - finally bottoming?Nice candle today if gains hold. First minor downtrend broken. Oversold on larger timeframes (daily, weekly, even monthly)
COT bullish -> MM / Large Specs short, Commercials long
Wait for current extreme to cool down ~ +5% and look for long entry. SL below the lows.
Good Trading!
SUGAR Commodity LONG- Advanced Pattern formation of Bat completion at D leg at 88% fib
- Structure to the left
- Potential double bottom at daily chart
- Fundamental news of 2017 May of Sugar and World Markets and Trade stating record global production keeps consumption of Sugar near record high.
- RSI divergence upwards
Looks like a Swiss zucker job openingThe world's #1 Sugar trading firm puked up it's head, I'll take the gig -- Did I mention I come from the land of Cargill
SUGAR: Heading down for new lowsSugar is in a very strong downtrend. I think soon it's about to test the Feb-2016 Low and then maybe even go to new lows.
TRIANGLE PATTERNWe have a running triangle in development on higher degre ( weekly timeframe ).
It would be a good idea to buy when price reached lower line of triangle for excelent risk to reeward ratio.
Do not miss this trade if proves to be what expected will generate massive profit.
This is very long term trade so you might want to trade impulsive parts of it if have knowledge and skill to do it.
Good luck
A Strategy for Market Entry and Exit - Part 3SUGARUSD:OANDA Weekly Chart
A-E are similar to A-C above.
F. This is another example of a DI becoming dominant in a pullback but for only a brief period of time. Notice how (A) gave a signal but that an exit was quickly signaled. After the pullback (B), then (C) gave a new entry signal to long side for many weeks before TRIX signaled a potential cover of the short.
G. Is another example of the action similar to (F).
NOTE: These types of actions work best when the ADX is above 20 or when it is trending up.
SUGARUSD:OANDA Daily Chart
More examples of the same concepts. However, this one provides good insight into a strong trend and how the TRIX, in conjunction with the DMI, will keep you in a market longer. And, when an exit is signaled, how to re-enter if the DMI indicates the trend is still intact.
Sugar: Potential trend reversalI am looking at Sugar futures here, it looks like we could be seeing an interesting rally coming out of this recent drop.
Oil rallying certainly lifts all commodities , and I think this one offers a particularly nice risk/reward. Ideally you can wait for a new 'Time at Mode' signal to enter, or just rush into it at the open, and then add when applicable.
Best of luck if entering longs.
Cheers,
Ivan Labrie.
