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SUGARUSD trade ideas

SUGARUSD - betting on longI'm not trading these assets frequently, but are nice from technical perspective. I expect it to break above current resistance and go to 0.15 area before it will cool down. Daily MACD is not looking promising, but RSI is warming up. From weekly perspective, MACD is OK and RSI is running flat in the overbought area. Nevertheless, weekly close above 0.134 would signal to enter on any pullback on smaller timeframes and aim for 0.15-ish. There is a hidden divergence on 4h chart, if someone is in scalping mode :) Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
OANDA:SUGARUSDLong
by rludvik
Long Term Prospects for SUGARUSDThe SUGARUSD is in a correction of a long-term Bear Market with price trading above the 50 week ema, but below the 200 and 800 week emas. The 50 week ema is currently trending upwards slightly, though the long term emas are mostly flat, signaling accumulation/distribution. The price action appears to be finishing up the third of five waves up, coming against prior resistance, so a pullback is likely. Since this is a c-wave it should sharp and short in duration. The Market is in a Bear Market rally on the daily, with price above the 50 ema which is above the 200 ema, but still below the 800 ema. Price is currently testing the 800 ema with the a-wave top a little above that at .13333. Both are levels the third wave of this c-wave could pull back from in a fourth wave. A measured move upwards for this c-wave would take price to 0.14178. The Market is in a Bull Market on the 4 hour, with price above the 50 ema, which is above the 200 ema, which is above the 800 ema. Price would have to close below 0.13090 to be considered in an correction. The price action looks like it is getting ready to burst upwards to 0.13333 over the New Years week. There is an opportunity here to short against overhead resistance when a top formation appears. The longer term opportunity is to buy the bottom formation from an upcoming pullback for a powerful up move to complete the c-wave. This is my SUGARUSD look ahead for my own trading purposes. FUTURES trading involves risk. Feel free to comment, but trade off of this post at your own peril.
OANDA:SUGARUSDLong
by Cincinnatuus
SUGAR SHORT D1 UPDATE - DOUBLE TOP REVERSAL COMING?Hey traders, this is the update for the Sugar trade that I am still currently in. Looks like price has come back up to the green trend line before reversing. Looking left we see that price reached this exact area before, creating a potential double top pattern. If you did not enter before, now would be a great time with a risk to reward of 3. If price can break the neckline bears will be in full control. The moving averages are also looking like a bearish cross soon on the MACD. Daily trade analysis and ideas: Telegram: t.me Facebook: www.facebook.com Twitter: forex_dojo Instagram: www.instagram.com Website: www.forexshinobi.com Tiktok: @forexshinobi ForexShinobi
OANDA:SUGARUSDShort
by FXShinobi
SUGAR DAILY ANALYSIS - TL TOUCH AND 61.8% FIB RETRACE SHORT?Sugar came up to test the upper green trendline before price reversed. Price then retraced to the 61.8 Fib Level before moving back down. It looks like the bears are in control for now, and Sugar should continue to push lower as October comes to an end. Daily trade analysis and ideas: Telegram: t.me Facebook: www.facebook.com Twitter: forex_dojo Instagram: Jaylen.Forex Website: www.forexshinobi.com ForexShinobi
OANDA:SUGARUSDShort
by FXShinobi