After the retest of the Trend Line, Enter a Long Position at the closing price of the retest candlestick at 0.19536. Next, place the stop loss beneath EMA 20 Close Price 0.19441. Set Take Profit at 0.19916 and 0.20072.
Shorted some sugar, based one previous resistance and top of rising wedge, will keep SL tight. Look for retest of lows as indicated * Prices shown in this chart is based on OANDA, price might differ from the product traded and brokers. However the underlying principles are the same
Technical Wise: After breaking out of the downtrend, it has been consolidating with healthy volume. Price also moving in higher low while the share price holding above 200-EMA. With this formation, I am expecting to see the price to challange recent high again and has upside potential of 70% which can meet RM 2.7, in mid-to-long term. Like my post on Malaysian...
SUGARUSD Ascending Triangle; Symmetrical Triangle; Exponential Moving Averages; Trend Lines
I still have one open position and trailing my stop loss.
SUGARUSD Entry 0.19276 Entry 0.19186
If a candlestick closes below 0.19318, then I will exit my long positions. A double top pattern formed on the chart which indicates a reversal.
SUGARUSD Entry at 0.19082. In the chart shown below, I used the symmetrical chart pattern to enter early. I entered before the planned breakout at price level 0.19318. The chart shown below is the current status.
SUGARUSD. As expected, SUGARUSD Market closed above price level 0.19318. First entry was on 11/04/2021. Next entry will be on a Pull Back.
SUGARUSD. Wait for price to close above or below channel support & resistance before entering.
WTICO/USD: • If price corrects and a tight one hour flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on...
GBP/NZD: • If price pushes up to and ideally just above our lower rayline and it does so correctively, then I'll be looking to get short with a risk entry either after a phase line break, or just below a one hour or a fifteen minute rejection from it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan...
Hi Guys, SUGAR looks like a nice sell setup. Wait and watch for strong breakdown and sell it.
Q: What has the highest probability of occurring? There are bearish pattern failures followed by bullish pattern validations into an uptrend. There are 2 classic patterns 1 is validated the other has not validated. The cup & handle is in breakout and is approaching its target. The pattern projects $0.2175 per pound as the target. The bull flag is not...
Good morning one and all. I hope you're well. So yesterday I took another loss, this time on SUGAR/USD which has now rocketed to the upside and although I'm now consistent enough to be able to trading professionally based on the very large sample size of fully documented and journalled trades that I have this is currently my worst run of form from a results...
Good morning one and all. I hope you're well. So yesterday I took another loss, this time on SUGAR/USD which has now rocketed to the upside and although I'm now consistent enough to be able to trading professionally based on the very large sample size of fully documented and journalled trades that I have this is currently my worst run of form from a results...
Good morning one and all. I hope you're well. So yesterday I took another loss, this time on SUGAR/USD which has now rocketed to the upside and although I'm now consistent enough to be able to trading professionally based on the very large sample size of fully documented and journalled trades that I have this is currently my worst run of form from a results...
Good morning guys and girls, I hope you're doing well. I placed a short trade on SUGAR/USD yesterday. It met all of the criteria which has made it possible for me to trade professionally, but once again the liquidity just hasn't come into the market in my forecasted direction. On the lower time frames this trade no longer looks great from a structural...