Sugar is consolidating within a wedge pattern, after recent rejection of the 200 MAV . Looking for a short target at confluence of
1. Supporting lower trendline.
2. Monthly S1 support
3. .618 fib of D leg of Advanced pattern.
Stop is aggressive just above 2 bar high.
Risk reward is 1.6.
1. Supporting lower trendline.
2. Monthly S1 support
3. .618 fib of D leg of Advanced pattern.
Stop is aggressive just above 2 bar high.
Risk reward is 1.6.
Trade closed: target reached
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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.