Following my prev GA analysis shared here on the TradingView community. Im scaling in a position in the current LOW into the monthly lows 1.74500-74000. Beautiful trade setup with a stoked RR. If you haven't seen my previous GA analysis I urge you to take a look,! PEeace
NATURAL GAS is printing falling wedge pattern on the monthly timeframe.
Price bounced off the falling wedge support and is heading the resistance level.
Possible LONG price actions are indicated on the chart
While the price is below the resistance 3.000, beginning of downtrend is expected.
We make sure when the support at 2.250 breaks.
If the resistance at 3.000 is broken, the short-term forecast -beginning of downtrend- will be invalid.
While the RSI resistance #1 at 52 is not broken, the probability of price increase would...
USOIL is forming Triple Bottom pattern and now this at strong support level. Here It will take a small Retesting then it will go Up to the Price level 50.
In Retesting it can touch Price level 41.5
Keep In Touch we will update further soon.
Don't forget to hit the like button.
i was bullish on this pair however after clearing my charts for the weekend i can see a break of an ascending trend line followed by a double top, this could show that this pair is looking to fall next week, i will wait to see how the market opens before entering.
this is just an idea! follow your own plan and see what price does before taking any trade.
Natural Gas could continue in this bullish channel however, I would like to see it pull back into this support level before going long again. You need to remember Natural Gas is a seasonal commodity and generally around winter time is when it will be utilized to combine that with another potential lockdown here in the UK could see people stuck indoors for longer...
RVI Bearish cross and sterling looking weak into next week, could be time to short after last weeks rally of sorts as price enters supply area and good defensive bearish battleground before show the start of bearish breakdown on daily.
USDWTI H4 - Waited for this breakout last week but we never saw it. Many rejections from just shy of $43/b, ideally looking to break upside of this and retest in the region of $42.85, from here, looking to jump involved with the long move.
2.200 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 2.200 is broken.
The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
While the RSI uptrend #2 is not broken, bullish wave in price would...