Hi all,
Waiting for the MACD cross before I enter the long trade.
Waiting for the MACD cross before I enter the long trade.
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seeing the wider perspective:ノート
The 30 min chart MACD have crossed - be ready to go long - expect trade to be active soon.トレード稼働中
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Most of the brokers are expecting sugar to drop down. I see it a bit different - I still expect it to climb higher - before going down.
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Waiting for the breakout anytime soonノート
I will issue a little warning - as the USD/BRL are having quite impact on sugar. Last day - we had a drastic increase in USD/BRL - which could influence sugar and give it sligth knock down today.
I am still expecting it to break through the tunnel and make a climb upwards - but it might go down before it will happen.
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Some would argue, that the increase in USD/BRL would help the Brazil producers and have a positive impact on sugar price - but fact is, that looking at longer peroiod, the sugar decrease with almost exact same degree as USD/BRL increaseノート
So - watch out the coming days and follow the USD/BRL as well.ノート
Happy New Year Traders.Finally - we got the breakout. A lot later than I expected - but now it is there.
Expect some corrections the next couple of days - before we will see it go even more bullish.
Chart to follow:
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免責事項
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.