Hope you guys are having fantastic week. Lots of event risk this week. I have few trades running and i am planning to hold . As you all know, i trade higher time frames. So, intraday volatility do not bother me . Let's take a look at NGAS:
This is a trending set up
Weekly: Macd crossed up. Chikou above price. Price attempting kijun break.
Daily:Cloud break out. Chikou just at cloud top. Macd is crossed up. Tenkan and Kijun are flat and tenkan can need some catching up before higher. But that being said it is a big if. No one knows.
Monthly: Not shown here but price is bouncing from key level again.
On top of all this, i see a confirmed head and shoulder with HA body closing above the pattern. I like this set up. Next resistance is 3.4
Let's see how this one plays out.
Happy trading and keeping it simple.
Cheers.
This is a trending set up
Weekly: Macd crossed up. Chikou above price. Price attempting kijun break.
Daily:Cloud break out. Chikou just at cloud top. Macd is crossed up. Tenkan and Kijun are flat and tenkan can need some catching up before higher. But that being said it is a big if. No one knows.
Monthly: Not shown here but price is bouncing from key level again.
On top of all this, i see a confirmed head and shoulder with HA body closing above the pattern. I like this set up. Next resistance is 3.4
Let's see how this one plays out.
Happy trading and keeping it simple.
Cheers.