Hi everyone:
Here is my view on NATURAL GAS SHORT, Any type of feedback is greatly appreciated it. Thank you
Trade: #8
Date: 12/08/2016
Time: 08:00 GMT
Forex Pair/Commodity: NATURAL GAS
Position: SHORT (SELL)
Reward/Risk: 3+:1
Opportunity:
Daily: over extended run to the upside, now formed tweezers tops, bearish reversal developing
4 Hour: good break down of the support trend line, and retrace to main pivot point
1 Hour: break down the 20/50 EMA, support trend line, then retest the resistance level of 0.382 fibs retracement, 50 EMA, and main pivot point
5 Min: price breaks down, and formed a bearish flag pattern
Looking to take this pair to daily .382 fibs retracement, 50 EMA, and strong horizontal support and resistance line of 3.00 area for more than 3:1 reward risk ratio.
Thank you for your support
Here is my view on NATURAL GAS SHORT, Any type of feedback is greatly appreciated it. Thank you
Trade: #8
Date: 12/08/2016
Time: 08:00 GMT
Forex Pair/Commodity: NATURAL GAS
Position: SHORT (SELL)
Reward/Risk: 3+:1
Opportunity:
Daily: over extended run to the upside, now formed tweezers tops, bearish reversal developing
4 Hour: good break down of the support trend line, and retrace to main pivot point
1 Hour: break down the 20/50 EMA, support trend line, then retest the resistance level of 0.382 fibs retracement, 50 EMA, and main pivot point
5 Min: price breaks down, and formed a bearish flag pattern
Looking to take this pair to daily .382 fibs retracement, 50 EMA, and strong horizontal support and resistance line of 3.00 area for more than 3:1 reward risk ratio.
Thank you for your support
Nota
Nota
Move my stop loss to break even once the price has hit 1% profit around 10:00 GMT, then the market turned around to hit my stop loss at break even.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.