seemikelau

Sugar didn't breakthrough after strong trend up last week

Short
seemikelau Updated   
PEPPERSTONE:SUGAR   Sugar Cash Contract
In the last 3 trading days, the strong trend brought up Sugar to challenge the diagonal trend line. Eventually it went down yesterday and therefore it is believed to be an excellent short opportunity. Target max = $25.2
Trade active:
Parallel channel proved work but the rebound went too sharp yesterday. Not suggest to buy unless the win-loss ratio is high enough.
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