NATGAS Buy Idea @Daily Demand Zone (2.673 - 2.613)
Buy Limit: 2.676
Stop Loss: 2.591
Take Profit: 2.932
Risk Management = 0.01/$100
Close partially the contract once it reaches 50% of profit, Move stop loss over the entry level
Close partially the contract once it reaches 80% of the profit
The current trend is uptrend and the forecast is continuation of uptrend.
While the RSI support #1 at 52 is not broken, the probability of price decrease would be too low.
A peak is formed in daily chart at 4.755 on 11/30/2018, so more losses to support(s) 4.400, 4.050, 3.800 and minimum to Trend Hunter Buy Zone (3.600 to ...
NATURAL GAS - Simple strategy on this one. We have a nice breakout of the tri-angle : wait for pullback to structure then short ! The breakout is strong enough to hold the short bias. Sometimes we have to KEEP IT SIMPLE STUPID (KISS) when trading :)
Trading method: RSADVANTAGE Stage 5 system setup 95% accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends. This system is made of custom technical indicators that properly detect trends very early and provides exit signals at the possible dynamic S/R zones.
To open ...
Hi there. Changing pattern formation. Price is forming a continuation pattern for more upside. But on bigger time frame we still see the down move. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.