Us natural gas has been falling since June 20th and stopped a decline nearby the 3.3900 level with minor false breakouts of it. Currently we observe the reversal bullish wedge pattern, which is supported by a divergency on rsi on 4-h timeframe. Yesterday natural gas trading session opened with a gap downside, however, later, closer to the American session we observed buying volumes and the asset managed to hold above the 3.3900, which makes it interesting to go long.
If the price breaks above the MA50 at 3.4824, would be nice to set a
🔼buy stop order at 3.5144 with a
💰take profit at 3.8000 and a
❌stop loss at 3.2494, below the trendline.
The risk-reward ratio is 1:1.08.
交易开始
TRADING IDEA UPDATE - XNGUSD LONG 📈U.S. Natural Gas declined from SMA50 at the beginning of the American Session, despite some bullish attempts. Although, the asset didn't manage to hold the 3.3900 support level, still, the it is in its long-term bullish trend and is currently sitting on a trendline. The divergence on RSI still persist. The wedge is still bullish and reversal.
Considering all of it I am openning long position from current price
🔼 a market buy order at 3.3438 with
❌a stop loss at 3.2076 and
🤑a take profit at 3.7854
risk-reward ratio is 1:3.24, which is nice. Stop order just below the major trendline, take profit is at the major resistance level at 3.8000.
This could be a mid-term trade, so I will keep you updated, for sure! Trade cautiously!
交易结束：到达目标
Yesterday the Natural gas failed to hold the trendline and despite the reversal wedge pattern and divergence on RSI on 4-h timeframe, went downwards, trigerring my stop loss. Didn't like it. But still, fails happen😐(pic1)
Join me, I'll guide you to PROFITABLE TRADING💵!
Telegram Channel:
t.me/elibrianalytics
Telegram Channel:
t.me/elibrianalytics
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这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
Join me, I'll guide you to PROFITABLE TRADING💵!
Telegram Channel:
t.me/elibrianalytics
Telegram Channel:
t.me/elibrianalytics
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。