Long Trade Idea on Natural Gas + Weekly view by ThinkingAntsOk
Use this as a guide to develop your own setup
Main items we see on the 4hs chart:
a)Price is inside a descending channel
b)On MACD we can see a bullish divergence in the inner waves of the descending channel
c)On a closer look, we can see that the price broke out from the descending trendline and now is leaving a Pin bar on the zone
d)We will wait for a retest of the broken descending trendline and an ABC structure (like flag patterns) before taking long setups
e)Currently, this is just a trade idea we need to wait for more confirmations before opening positions.
Weekly vision:
Main items we see on the 4hs chart:
a)Price is inside a descending channel
b)On MACD we can see a bullish divergence in the inner waves of the descending channel
c)On a closer look, we can see that the price broke out from the descending trendline and now is leaving a Pin bar on the zone
d)We will wait for a retest of the broken descending trendline and an ABC structure (like flag patterns) before taking long setups
e)Currently, this is just a trade idea we need to wait for more confirmations before opening positions.
Weekly vision: