A risky NATGAS long play // SC - short correction
Hi Everyone!✋🏽
I want to show you an idea that has a possibility to turn into winner trades, however, compared to the reward, the risk involved is quite high, since this goes through a CORRECTION.
Primary trend is short, but we have a weekly south breakout to be tested, if the price bounces back from the Daily 138.2 target has been recently reached. That weekly south breakout happens to be just topping a nice daily south breakout. Both zones are within the 38.2-61.8 FIBO retracement levels. In my analysis, such phases on the markets mean, that price can turn into direction of the primary trend, that is short. But we are not there yet!
The first direction at the moment is long only after the green trigger level is broken, but shouldn't let the profit run this time, because the market may make a round in no time!
ANYWAY, a lot of Qs about the direction of the price. But it doesn't matter. WE JUST REACT!
Happy trading! ⚪️⚫️
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Thanks for reading my analysis!🤘🏽
Please remember to support the idea with a BOOST or COMMENT
with your highly appreciated opinion!
I want to show you an idea that has a possibility to turn into winner trades, however, compared to the reward, the risk involved is quite high, since this goes through a CORRECTION.
Primary trend is short, but we have a weekly south breakout to be tested, if the price bounces back from the Daily 138.2 target has been recently reached. That weekly south breakout happens to be just topping a nice daily south breakout. Both zones are within the 38.2-61.8 FIBO retracement levels. In my analysis, such phases on the markets mean, that price can turn into direction of the primary trend, that is short. But we are not there yet!
The first direction at the moment is long only after the green trigger level is broken, but shouldn't let the profit run this time, because the market may make a round in no time!
ANYWAY, a lot of Qs about the direction of the price. But it doesn't matter. WE JUST REACT!
Happy trading! ⚪️⚫️
----------------------------------------------------------------------
Thanks for reading my analysis!🤘🏽
Please remember to support the idea with a BOOST or COMMENT
with your highly appreciated opinion!
