BUY SUGAR

Pros

• Double bottom
  
• First high low
  
• Test of the last
  
• Weakness of the dollar this week.
  
• Above the uptrend on the weekly timeframe.
  
• Bullish on longterm.
  
• Correction of 38.2/50 of the last bearish wave.
  

Cons

• The objective of the formation is too aggresive.
  
• The commoditie index is at a resistance level + divergences.
  
• Countertrend on daily timeframe.
  

Strategy

• Buy when the price break the resistance level at 0.116.
  
• I prefer to manage the stop dinamically, moving it to the last low, instead of wait for the whole TP. The position is too aggresive.
  

Сделка закрыта: достигнута тейк-профит цена:

You can move the stop to 0.1204 to reach 0.1264, but i prefer to close all, it's risky.