SUGAR SHORT D1 UPDATE - DOUBLE TOP REVERSAL COMING?

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:

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