chiefcapitalfx

sugar/usd short term setup

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OANDA:SUGARUSD   糖差价合约
On the weekly I see a strong down trend and on the daily, I see support turning into resistance as well so that indicates bearish movement.

On the 4hr chart, I see price get towards that resistance line and I drew up a resistance zone from the previous high and noticed it might make a double top. I am looking to go short at that moment in time.

Entry, Stop loss and Take profit are all added.

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