SUGARUSD trade ideas
SUGARUSD - Going up, where to enterSUGAR is clearly bullish on 4h-D-W time frames.
On the monthly time frame we expect at some point (mid-term I would say) to retrace back to the Fib 0.382 level.
The COT (Commitment of Traders) outlook of the institutions for the week of SEP 29 supports the bullish trend as net positions increased to 248.345 compared to 234.659 of the week before that. Volume clearly shows that as well.
So total reversal is not in-sight at least to me at the moment. More likely as mentioned above a retracement to the level of the Fib 0.382 for profit taking like with the other two times measured and indicated on the chart.
As for my strategy at the moment is to stay on the side and wait price to come to the potential entry area and then take a long position looking for 300-350 pip gains.
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 Continuation Buy
Hi everyone:
Sugar has completed its correction here after the previous bullish push.
We see price had a LTF correction to push the price out of the HTF structure, good indication the bullish momentum could be resuming.
Price pushed up and form a LTF correction, good entry that I got in myself.
Look for more continuation corrections to get in the trade, and look for recent tops as at first target, and HTF top as the long term hold.
Thank you
SUGAR LONGAVIS POUR LE LONG:
1.Avec ichimoku on voit la résistance sur le niveau 11.70 - 11.80 (sengoku span B)
2. Sur graphique W1 on voit formation "tête et deux épaules"
3. Fin de trend descandant la bougie D1 (03.septembre.2020) - grand réjet.
4. RSI- dans une zone surventes
SUGAR UPI will wait for it to touch the area where Fibonacci Extension overlapped with Fibonacci Retracement that comply with support before and the trendline.
Cut loss when the candlestick close below 0.12333
TP1: 0.14352
TP2: 0.16338
Analyse sauger So for sauger we have a strange signal for buying but for being sure we should stay waiting for a wonderful signal
SUGARUSD-> IMPORTANT: No INVESTMENT recommendation or PURCHASE recommendation -> Just my opinion no financial advice, everyone is responsible for their own investments or trade!! <-
-> Aug 14
-> Good Morning Friends, here is my Daily-Chart idea to SUGARUSD. -> (You can find all other important information in the chart)
Sugar - on the move upSugar has seen multiyear low at .09 USD in April 2020. Since then price has rallied and then paused for much of June and July. Price has now broken out of congestion and may now reestablish the next impulse up.
With all short term daily mav's aligned, the bias is long.
Enter - on next bar ( around .1260)
Target - between .1430 and .1570
Stop - below the recent price congestion .1110
RR = 2
Sugar pierces resistance and retest with clear pinI had daily resistance drawn from higher timeframes in dark blue on the same level 200 MA is. Sugar bounced from the level validating it - that is when I drew azure resistance over the dark blue as it becomes valid on hourly too. Eventually, it pierced through, did a quick retest and now it came back again forming nice tradeable pinbar.
I open long.
It is important to remember that seasonality points in the opposite direction. This is the trade with odds but should last a couple of days at most. I expect the price to build a new resistance and use it as a base to breach below my levels back again.
waves are wavesbut having confidence in the horizontal level the waves produce is another thing.
no fib clusters or endless levels and angles to worry about here...
Sugar futures (CFDs SUGAR) - stay long for 3rd of C wave Sugar futures is in 3rd wave of C wave up of Y cycle as ABC zigzag as mentioned in previous trade ideas. Stay long to ride 3rd wave. You can also enter in three wave pull back if missed the trade earlier.
Sugar futures (CFDSUGAR) - Go long - a simple set upSugar futures is in double zigzag from last bottom and going up in C wave of Y wave in WXY cycle. W wave was subdivided in ABC zigzag, X was complex structure as wxy and Y is in ABC zigzag. A & B wave of Y were already over. In C wave 1st wave of over and it coming down in 2nd wave correction, which probably dip in nature, so buy with it with stops below invalidation level of low of wave 1. Good risk reward ratio.
