SUGARUSD trade ideas
Sugar Trade (Entry at 0.14392) (Take Profit at 0.15120)Enter SUGARUSD at 0.14392. Take Profit at 0.15120.
Sugar holding strongI guess nobody told sugar to back off it's inflation expectations. Now above volume defined breakout line.
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 Defined InflationOkay, strong move for a while, does sugar now need a breather? Very close to some generational breakout action... Can you spell I-N-F-L-A-T-I-O-N! #sugar #commodities #gold #silver
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
SUGARUSD - More sweetness to it?Following yesterday's idea (pls see below for link) and after engaging a few long orders today sugar turned long as we expected.
The uptrend is now stronger than before (see the two green lines) and the price is currently at a critical level.
At this level we can do two things:
1) increase our trailing stop losses to a new level (I suggest you consult the ATR indicator for that),
2) consider taking some profits (TP1 on chart).
My hope is that there is more to expect from our dear sugar and get the full potential up to the TP2 point (I put a long order next to it so you can see the potential).
However we have to be cautious and monitor closely price movement as markets are there to surprise us.
As long as the +DI and the -DI don't "kiss" and the ADX remains at around 40-50 then my hope has pretty good chances of materializing.
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.
