IceTrading
Long

Natural Gas Long Opportunity with Great Risk/Reward

OANDA:NATGASUSD   Natural Gas
Gas has just retraced and bounced off of the 2.65 Support level . It has also met with the lower end of it's uptrend that has been growing in strength since march. This is a good opportunity to enter long due to the strong support, uptrend strength and great risk reward ratio. My stops will be at roughly 2.45. Take profits will be spaced equally at critical resistance levels indicated on the chart as blue rays. 3.30, 3.80, 4.40 and 4.90.

Do not hesitate to leave your thoughts comments and a like if you found this TA interesting or helpful.
Best of luck to all and Happy Trading!
Comment: Stopped Out, although my outlook on Gas has not changed. Will likely reenter the market at the same price level with the same stops.
Comment: First Profit taken
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
中国
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out