Sugar Is MAD! Time to calm down, but just for a bit!
After a huge sell-off it is time for the sugar to shine. We have a big 1 week candle and huge 1 month candle so far. But as it grew so fast and furious it needs to calm down a bit. I am proposing a trade based on RSI and closing top of the channel and 13$ . In the upcoming week we will move in the area of 12-13 $.
Short: 12.7 - 13 area (I have opened a short, and open another one if we go up)
Stop Loss 13.1
Target1 11.8$. Target 2: 11.5$
Timeframe - 1-2 weeks . We will keep the big monthly green candle!
When we hot 11.8 I will go green for chasing the 15$ next month!
Good luck!
Short: 12.7 - 13 area (I have opened a short, and open another one if we go up)
Stop Loss 13.1
Target1 11.8$. Target 2: 11.5$
Timeframe - 1-2 weeks . We will keep the big monthly green candle!
When we hot 11.8 I will go green for chasing the 15$ next month!
Good luck!
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.