SUGARUSDMay 3
Hey Friends, here is my Idea to SUGARUSD . H4-Chart. (You will find the information in the chart)
-> IMPORTMANT: Just my opinion no financial advice.
SUGARUSD trade ideas
SUGAR breaking out or not?We have to wait a bit before market shows direction, right now sugar broke out of bearish channel
and went all the way up to support of last time,
either we move further up ( in that case you can open a long )
if it drops we will see a retreat to the marked level.
my advice is wait 6-10 hours when market is open before you open the position.
When short TP is 0.1
When long TP is 0.113
Sugar inside bear channelIt's moving perfectly within a bearish channel.
with today's correction it gives us a nice option to long
chart is based on 4hr timeframe!
SUGARUSD Long Set-upSugar to the USD 4hourly chart, -price 0.11194 is interesting, something happened there, it so unclear.
With monitoring it would have to be followed on Heiking Ashi. Would you like some bullish Sugar :)
SugarUsd -Bullish interests.
SUGARDaily: Breakout from Consolidation, and fundamentally: The Virus out break has pulled down sugar supply and transportation from milling over the last 15 days and the sugar stock in the wholesale and retail market is understood to have been sold in the last couple of weeks.
1hr: sells at 0.11185 Tp 0.10
Sugar Long term trade on Weekly chartCall No. 29 Sugar Shortsell @ 14.00 Stoploss @ 16.00 Target @ 10.00 RR 1:2
Note : All calls has RR more than 1:2. Do not risk more than 1% of equity on every call. Please follow stoploss religiously.
Sugar: A Possible EW Count Says It Is going To Lose ValueComments on the chart.
Forgot to mention the following:
The indicator has turned down
The c wave is showing indecision around the previous wave 4 which supports this count
So long, sweet sugar. (Well... "So Short" more like it!)Wait for confirmation below that fib, but see the targets attached. Straight forward set up. I love it.
SUGARUSD - Can't break resistanceMultiple rejections at resistance, i except a drop to the 'BuyZone'
- not financial advice -
Sugar down to .1246 , Temporarily ShortLooking like the RSI got up there on the longer time frames, MACD rolling down on the 4hr. Blow off top formation? We have support and strong volume profile at around .1246- .1295 . Please do not confuse my ammature speculation with professional trading advice.
Sugar most likely going downKey resistance level reached on a longer timeframe and overextension to the upside = Short opertunity
Very Good RR
SUGAR Long OpportunityI'm actively monitoring Sugar for a long opportunity if price breaks as shown.
Will update if I get in :)
