Natural Gas USD Fib based trend and resistance levels LONG
Hi all,
Presenting my new idea on Natural Gas which has had yesterday some impressing price action while indexes were falling., today is another important day and lets see what happens
As you can see the drop of price from 3rd -10th March measured by Fibs is 0.618, taking this as a correction in a rising trend we are given a price close to 4 USD (measured by Trend based Fib extension), The support levels and price gap just add to it, but please remember this is just an idea not a trading advise! See what is the loss you can hit if this goes in other direction and protect your capital
My long position is in 1:2 risk ratio
Presenting my new idea on Natural Gas which has had yesterday some impressing price action while indexes were falling., today is another important day and lets see what happens
As you can see the drop of price from 3rd -10th March measured by Fibs is 0.618, taking this as a correction in a rising trend we are given a price close to 4 USD (measured by Trend based Fib extension), The support levels and price gap just add to it, but please remember this is just an idea not a trading advise! See what is the loss you can hit if this goes in other direction and protect your capital
My long position is in 1:2 risk ratio
Comment:
Double bottom? Lets wait and see- trade still ongoing
Comment:
until the daily candle closes below 2USD I'm bullish!