SUGARUSD Long
Sugar has just broken out of a falling wedge pattern which could also be bullish flag. Nothing too complex, but I marked out where any divergences have played out coupled with the RSI > 65 signalling intermediate tops. I think sugar has anywhere from 5 to 10 percent to go up before marking another intermediate top.
For this trade, use the CANE ETF. I would suggest a stop below today's open and to just let this trade run.
For this trade, use the CANE ETF. I would suggest a stop below today's open and to just let this trade run.
Note
SUGARUSD is back-testing the top resistance-turned-support. This is another objective time to enter or add to your positions.Note
The back-test held up and sugar prices started moving up afterwards. So far it's looking good.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.