1) the recent pullback to the 50% fibonacci level seems like a valid entry to long Sugar.
2) however we shall keep in mind that the resistance level have not yet been broken.
3) we also see the MadD forming a bullish divergence.
4) depend on your Risk to reward. a stop loss below 50% fibonacci level and below the bullish engulfing candle's wick of the fibs will be good.
2) however we shall keep in mind that the resistance level have not yet been broken.
3) we also see the MadD forming a bullish divergence.
4) depend on your Risk to reward. a stop loss below 50% fibonacci level and below the bullish engulfing candle's wick of the fibs will be good.