SUGAR (SUGARUSD) long setup- Completion of a bat pattern
- The entry point @ 0.15045 lines up exactly with previous support line. The support line is highlighted by price behaviour in the blue rectangles
Sugar
SugarRejection at support zone with a pin bar last Friday.
Possible bounce next week to test 0.1950, at least. Potential R is less than 2 if buying at break on pin bar high. A tempting trade nonetheless.
Sugar Could Break down Notice, Daily chart exhibits a substantial H&S pattern. If the daily neck-line is broken sugar prices could drop significantly from here.
Daily:
Notice the monthly impulse targets a retracement at the same length of the daily H&S pattern.
Multi-Month/Twenty Year Chart:
Sugar May Complete a Bearish Bat PatternI will look for confluence with indicators at the entry point -- as of now if price continues to rise from here to the completion point I will take this trade.
SUGAR, DAY CHART, SHORT (18-FEB-2017)There is a consolidation pattern near the
Resistance Zone.
From the price action, we can see stronger
selling pressure than buying pressure.
If the price managed to break the buyers' stop loss
level, we expect the price will fall further lower.
Here are 2 trading plans for you:
1. Wait the price to break the buyers' Stop Loss level
and entry
2. If the price pull back weakly to the resistance zone,
it might be a good opportunity to short with bearish
signal
SUGARNo big downward reaction from the rejection at the resistance zone (flip zone) and get supported at 0.2 round level so far.
Plan is to buy at break above the recent swing high - above 0.21
SB1! @ daily @ 1of2 (44) Commodities with a bearish 100/200MATake care
& analyzed it again
- it`s always your decision ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
44 COMMODITIES of Chicago, New York & londo (MA 100 & 200 inside bullish) @ drive.google.com
Best regards
Aaron
SugarRejection at potential resistance zone, coincide with 50% retracement, after a strong uninterrupted rally from 27 Dec 2016.
Will look to go short when this market opens later today.
SUGAR, H4, LongPrice created very good imbalances, so I will wait when it will end and then will look to price retracement to FIBO 61.8 to go long.
SUGARUSD bearish bat pattern [JUST AN IDEA]Hi traders,
We have a completed bearish bat pattern on the sugar chart. Price action indicating that it's overbought, so a correction should be expected.
Entry: 0.19455
Stop: 0.19923
Target: 0.18644 = R:RR 1.73
Good luck guys!
The support zone is comming in the sugarThe first step of the corrective sat back is getting ready! Waiting for a basis at 19-19.70 zone
sugar correctionWe see nice wave of Goodman and good corective wave on W1 so till the end of the year the sugar have potential for selling
Orange Juice to 160Orange Juice has put in a weekly pin bar at the major level of $200. Also, on the daily chart we put in a evening star, which spells trouble for the future prices. We also are in an ascending wedge that if broken in the near term future targets $160. This wedge also has weekly divergence, which confirms this move. The next support level would be $100. Finally, from a fundamental view less and less frozen OJ is being bought from consumers all while price is at the highest level it's been, which doesn't make sense seeing that demand is just overall low. Yes, of course there is less producing now and businesses shutting down in Florida, but the reason is because of the demand. All the details are in the chart.
