Waiting on this NG1! trade..
Will wait for PA to present/confirm this trade... But NG1! Is approaching/has reached a major resistance @ 2.67 ! Will be great risk to reward but, could be in a bull flag currently, which is why I am waiting. Would be awesome if PA offers "shorting position" around the "money arrow", lol, as this would be a confluence point of a major resistance, the 200sma, and top of trendline.
Trade active
Man this thing is screaming "short me" !!! Daily ended in a doji and has MacD rising but volume decreasing, 1 hr. macD has crossed under, 4hr. Has bearish divergence ! If it wasn't for the news I would've probably bought Dgaz today when NG was @ 2.69 ! But waiting for something like the arrows show in price action to play out before hoping in @ retest of "top"...Trade active
*hopping* in @ retest of "top"...Oh yea, AND MacD and RSI are super overbought on daily !
Trade active
Cashed out @ 16%, flipping long for retest to red zone, then short again to @ 2.41
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.