NastyBeer

NATGAS Imagine buying the top

NastyBeer Updated   
PEPPERSTONE:NATGAS   Natural Gas (Spot)
Here we are coming very close to the technical target of the move at around $5.30.

Now its important to take a look at PA:

1) we go straight to $5.30 and most likely grab liquidity below up to $5.00-4.70
2) bounce off 0.886 and retest 0.50 fib before crushing
3) hold 0.886 and start an impulse

We see theres currently many options and therefore this marked region has been no place to open shorts because it give you bad R:R and is just gambling really.

Hold my beer pls

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No financial advice, do your own research, don't be stupid
Trade closed: target reached:
minimum target reached