Natural Gas - buy on 4H - counter trend trade - 10% ROI
Updated
Dear traders and followers,
welcome to todays natural gas analysis.
The market price reached the October price support area and is likely to do a short term up correction which is a good buy opportunity.
Buy if the market hold the current price area for the next 24 hours and sell at the drawn sell area.
Indicators:
MACD baselines are near bullish crossing and the sell volume seems to decrease again
RSI baseline looks like a bullish divergence which indicates an incoming breakout
Buy entry at 61.8 Fibonacci retracement line
Sell entry at 38.2 Fibonacci retracement line
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welcome to todays natural gas analysis.
The market price reached the October price support area and is likely to do a short term up correction which is a good buy opportunity.
Buy if the market hold the current price area for the next 24 hours and sell at the drawn sell area.
Indicators:
MACD baselines are near bullish crossing and the sell volume seems to decrease again
RSI baseline looks like a bullish divergence which indicates an incoming breakout
Buy entry at 61.8 Fibonacci retracement line
Sell entry at 38.2 Fibonacci retracement line
Feel free to leave a comment or to share your ideas in the comments section
Please hit the like button if you share or like this idea.
Follow us and stay up to date/ don't miss new ideas
Thanks for your support !
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Trade closed: target reached
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
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