SUGARUSD trade ideas
Sugar In an UptrendSugar looks to be in an uptrend with Oil falling further, If you feel confident in sugar pushing higher, look for entry on the trendline for a nice R/W ratio
SUGARus , long term perspective on the UP Trend : third EyeSUGARus , long term perspective on the UP Trend : third Eye
SUGAR - ready for bull run ?Sugar had a massive bear run during September 2016 - September 2018. Now the movements are low volatile and everything seems like sugar is preparing for bull run. COT (Commitments of traders) is also very, very bullish. Price already broke trendline on smaller time frames, creating higher highs.
Trade for couple months, IMHO.
Sugar Double Bottom?Sugar formed a possible double bottom indicating a trend reversal, fib based TP @ 50%
Would match a negative correlation with oil sometimes seen with sugar
Sugar long scalp onlyBullish div on the 1H and 4H. Should see a pop for this C wave to complete the running flat. This is a scalp only. GL!
SUGAR LongSugar hit a support level and in my opinion, it is up from here. Market may retrace down a bit more or justgo up from here. Enter and exit at your own risk.
DISCLAIMER
Please note that this chart is an opinion based chart only. Please trade at your own risk
Sugar: Interesting uptrend here...I'm monitoring $SUGARUSD here for a weekly and daily long entry on retrace -if it ever comes-, otherwise paying up for it might be worth it, given how strong the chart looks. Could sharply rise from this juncture immediately after the market opens too.
The targets on chart are the weekly range targets, corresponding to a Time@Mode signal active as long as we hold over 0.1236. The daily has a bullish trend as well, which kicked in on Friday. Entering at market or on dips would be a viable trade.
Best of luck,
Ivan Labrie.
Sugar: End of 8 waves sequence- 5th wave structureElliott Wave Count:
Impulse, w1 - w2 - w3 - w4 - w5
Counter trend (abc) zigzag pattern
Finalising a 8 Wave Sequence
sugar/usd short term setupOn the weekly I see a strong down trend and on the daily, I see support turning into resistance as well so that indicates bearish movement.
On the 4hr chart, I see price get towards that resistance line and I drew up a resistance zone from the previous high and noticed it might make a double top. I am looking to go short at that moment in time.
Entry, Stop loss and Take profit are all added.
Bullish break?I'm short right now but if it manages to brake out of trend in either of the marked triangles i will go long. If it fails now there will probably be a significant dump before it rises by late february.
