*DISCLAIMER*-This is WEEKLY Chart- Not advisable to trade without an proper analysis. Not my fault if you traded and made a loss.
It is not like trading on M15 or H4, ONE Candlestick is actually 1 week so it is long term trade. I will explain how to better catch the trade at correct level with no risk.
The Natural Gas is in Channel, there has been multiple bounces on inside of channel trends.
Price is approaching to support since 29th February 2019 where price has made the lowest low.
There are support level where the 1st buy will be if price doesn't make it all the way to channel trendline likely in most case it will come short and go up.
Lots of wicks incites that price has breaking out moment so breakouts can occurs at any time.
Look for candlestick patterns like 3 Advancing Soldiers or Hikkake Pattern for an proper buying confimation BUT...
If price has broken the support, it will be likely to bounce off channel trendline with candlestick pattern like Hammer, Bullish Harami, Morning (Doji) Stars Patterns and Long Lower Shadow.
Please Google those candlestick pattern so you know what to look for once price are near to the key level for you to buy and hold over the weeks holding until the target is reached of around 3.0 - 4.5.
This is just an idea, i will be following this and updating the progress as week goes by.
It is not like trading on M15 or H4, ONE Candlestick is actually 1 week so it is long term trade. I will explain how to better catch the trade at correct level with no risk.
The Natural Gas is in Channel, there has been multiple bounces on inside of channel trends.
Price is approaching to support since 29th February 2019 where price has made the lowest low.
There are support level where the 1st buy will be if price doesn't make it all the way to channel trendline likely in most case it will come short and go up.
Lots of wicks incites that price has breaking out moment so breakouts can occurs at any time.
Look for candlestick patterns like 3 Advancing Soldiers or Hikkake Pattern for an proper buying confimation BUT...
If price has broken the support, it will be likely to bounce off channel trendline with candlestick pattern like Hammer, Bullish Harami, Morning (Doji) Stars Patterns and Long Lower Shadow.
Please Google those candlestick pattern so you know what to look for once price are near to the key level for you to buy and hold over the weeks holding until the target is reached of around 3.0 - 4.5.
This is just an idea, i will be following this and updating the progress as week goes by.
Trade active:
Price has formed candlestick confirmation!