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NATURAL GAS - Update on Buy Opportunity

FX:NGAS   Natural Gas (Henry Hub)
As per our previous analysis, natural gas did what we expected it to do, and completed / is completing a running flat corrective structure, only to resume it's upward movement.
We are monitoring closely therefore, on smaller timeframes, for buy opportunities from now on. Said expected upward swing, in fact, will take the price of the commodity at least in the $ 3.5 area.

From this moment on therefore, we will be looking for buy setups, on this pair: watch out for ending diagonal formations for an entry point on their break. For a more conservative approach, wait for a first impulse to the upside, wait for a small correction of said impulse on the 60min timeframe, and buy the break of said correction with a stop loss beneath it.

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Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).

Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.

Thank you for viewing.
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