SUGARUSD trade ideas
2021...The year to become a $SUGARUSDADDYThis chart says enough. The fact it's a spicy sugar daddy joke makes it an even better.
DXY looks like it will continue to fall. My broker gives 12x leverage, so if it sugar hits my target, it's around a 6x return. That means sugar is a buy and hold.
Fibs, moving averages, keltner channels all indicate a buy.
Good luck out there.
SUGAR Continue to the previous top
Hi everyone:
Once again Sugar is shaping up for the continuation correction to the upside.
We see the previous impulsive phase has finished, and price begin to form this correctional structure. Good indication for bullish momentum to resume.
I would be waiting for price to complete the correction and a confirmation break out follow by LTF correction to look for buy entry.
thank you
SUGAR on the 0.382 🦐SUGAR on the 4h chart after reaching the 0.15 level starts a retracement move.
The price touches e exactly the 0.382 fib level and created a falling wedge.
IF the market will close and break above the 0.14300 area and consequently breaks the descending trendline we can set a nice long order according to Plancton' strategy.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
SUGAR on the 0.382 🦐SUGAR on the 4h chart after reaching the 0.15 level starts a retracement move.
The price touches almost the 0.382 fib levelk.
IF the market will close and break below we can set a nice short order according to Plancton' strategy.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
SUGAR - Something big aheadSugar is preparing for something big.
The price is in range for a couple of days now and the ATR is dropping.
I'm biased for some reason that price will drop sharply.
However the trend still remains bullish on all TFs.
Hoping to see price at the area of value to work out intentions from there.
Good luck traders.
Note: I'm no trading expert nor have the ambition to become one! The above is just an idea that I share with the intention of attracting comments and perhaps become a better trader.
SUGAR is testing an important monthly structure 🦐SUGAR is testing an important monthly structure, a static resistance, and dynamic resistance (trendline purple).
The price created even an ascending channel on a weekly timeframe.
IF the price will break the monthly and weekly resistance, and turns into support, we can see a nice bullish impulse, According to Plancton's strategy, we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Pour some sugar on me!Even sugar is still looking healthy... Great looking base on quarterly chart. More commodity charts still not moving as volatility is flying high. Could be a lag effect. Still need to wait and see if markets can be calmed by Fed Jawboning or actual currency/fiscal stimulus. $SB_F #sugar #patience #gold #silver $slv $gld #fintwit $sil $silj $gdx $gdxj $dxy $vix