Sugar | Long | Downward Channel Potential | (April 29, 2025)
1️⃣ Insight Summary:
Sugar has been moving inside a downward channel since 2023, but now signs are showing that we might be ready for a bullish breakout. A W-formation has appeared on the weekly timeframe, suggesting potential for higher prices ahead!
2️⃣ Trade Parameters:
Bias: Long
Entry: Around $18.00
Stop Loss: Below $17.00 after a retest of the parallel channel (monitor price action carefully)
TP1: $18.95
TP2: $20.00
TP3: $21.50
Partial Exits: Taking profits gradually at each target level.
3️⃣ Key Notes:
✅ The weekly chart shows a large W-formation that could trigger a reversal to the upside.
✅ Open Interest has been decreasing with prices, suggesting caution but also possible bottoming.
✅ CFTC Commitment of Traders data is currently unclear, so we have limited confirmation from positioning.
❌ A strong breakdown below $17.00 without a retest could invalidate this setup.
✅ Waiting for a clean breakout and retest of the parallel channel gives better confirmation before fully committing.
4️⃣ Follow-up Note:
I’ll continue to monitor this idea and update if there are big changes in the market sentiment or structure.
Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is the best way to keep it relevant, support us, keep the content here free, and allow the idea to reach as many people as possible.
Disclaimer: This is not financial advice. Always conduct your own research. This content may include enhancements made using AI.
1️⃣ Insight Summary:
Sugar has been moving inside a downward channel since 2023, but now signs are showing that we might be ready for a bullish breakout. A W-formation has appeared on the weekly timeframe, suggesting potential for higher prices ahead!
2️⃣ Trade Parameters:
Bias: Long
Entry: Around $18.00
Stop Loss: Below $17.00 after a retest of the parallel channel (monitor price action carefully)
TP1: $18.95
TP2: $20.00
TP3: $21.50
Partial Exits: Taking profits gradually at each target level.
3️⃣ Key Notes:
✅ The weekly chart shows a large W-formation that could trigger a reversal to the upside.
✅ Open Interest has been decreasing with prices, suggesting caution but also possible bottoming.
✅ CFTC Commitment of Traders data is currently unclear, so we have limited confirmation from positioning.
❌ A strong breakdown below $17.00 without a retest could invalidate this setup.
✅ Waiting for a clean breakout and retest of the parallel channel gives better confirmation before fully committing.
4️⃣ Follow-up Note:
I’ll continue to monitor this idea and update if there are big changes in the market sentiment or structure.
Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is the best way to keep it relevant, support us, keep the content here free, and allow the idea to reach as many people as possible.
Disclaimer: This is not financial advice. Always conduct your own research. This content may include enhancements made using AI.
2 Ways I can help you | Real Trades. Real Edge
1️⃣ The 4 Steps to Improve Your Trading Immediately: tradinggen.services/mohamad-link/
2️⃣ Get trade setups & breakdowns Here: t.me/TradeSimple_with_Mo
1️⃣ The 4 Steps to Improve Your Trading Immediately: tradinggen.services/mohamad-link/
2️⃣ Get trade setups & breakdowns Here: t.me/TradeSimple_with_Mo
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
2 Ways I can help you | Real Trades. Real Edge
1️⃣ The 4 Steps to Improve Your Trading Immediately: tradinggen.services/mohamad-link/
2️⃣ Get trade setups & breakdowns Here: t.me/TradeSimple_with_Mo
1️⃣ The 4 Steps to Improve Your Trading Immediately: tradinggen.services/mohamad-link/
2️⃣ Get trade setups & breakdowns Here: t.me/TradeSimple_with_Mo
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.