Dani0

POSSIBLE SHORT SETUP?

OANDA:SUGARUSD   CFDs on Sugar
Sugar looks to be forming a short setup due to double-top and indecision around ichimoku cloud. Short setup is not yet confirmed as market has not given a clear direction as of yet but this is one to keep a close eye on for drop to targets identified by yellow lines in chart.

HELPFUL VIDEOS TO TEACH YOU:

www.youtube.com/watch?v=rNI166nM...

www.youtube.com/watch?v=v-Cz_LUs...


DISCLAIMER;
Do set stop losses when trading but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders.

All comments and questions welcome, if curious about indicators I use then feel free to inquire.
IF YOU SUPPORT IDEAS, DO LIKE, FOLLOW & SHARE. ~ THANKS! ~

Related Ideas

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.