Do You Trade Natural Gas? It Might be a Good Idea to Go Short
Hi again traders. If you trade natural gas you might wanna short it.
On the daily time frame the main trend is down. The 50 moving average is acting as resistance and price happen to be at a level of structure.
Do I think price will break through the ichimoku cloud? No, sometimes the cloud can act as a powerful resistance or support as we see in this case I think it is acting as resistance to price and ichimoku traders will be smiling in a few days.
Entry price: Go short at 2.66
Stop at : 2.86
Profit at 2.32
If you like my chart please hit like button thank you.
On the daily time frame the main trend is down. The 50 moving average is acting as resistance and price happen to be at a level of structure.
Do I think price will break through the ichimoku cloud? No, sometimes the cloud can act as a powerful resistance or support as we see in this case I think it is acting as resistance to price and ichimoku traders will be smiling in a few days.
Entry price: Go short at 2.66
Stop at : 2.86
Profit at 2.32
If you like my chart please hit like button thank you.
Order cancelled:
Trade expired or Entry level not hit.