Hey traders, this is the update for the Sugar trade that I am still currently in.
Looks like price has come back up to the green trend line before reversing.
Looking left we see that price reached this exact area before, creating a potential double top pattern.
If you did not enter before, now would be a great time with a risk to reward of 3.
If price can break the neckline bears will be in full control.
The moving averages are also looking like a bearish cross soon on the MACD.
Daily trade analysis and ideas:
Telegram: t.me/Forexdojo
Facebook: facebook.com/FXShinobi
Twitter: forex_dojo
Instagram: instagram.com/jaylen.forex/
Website: forexshinobi.com
Tiktok: Forexshinobi
ForexShinobi
Looks like price has come back up to the green trend line before reversing.
Looking left we see that price reached this exact area before, creating a potential double top pattern.
If you did not enter before, now would be a great time with a risk to reward of 3.
If price can break the neckline bears will be in full control.
The moving averages are also looking like a bearish cross soon on the MACD.
Daily trade analysis and ideas:
Telegram: t.me/Forexdojo
Facebook: facebook.com/FXShinobi
Twitter: forex_dojo
Instagram: instagram.com/jaylen.forex/
Website: forexshinobi.com
Tiktok: Forexshinobi
ForexShinobi
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.