Never traded natural gas before but price currently is at a very strong support area and the ascending trendline. This trade is more based on the history of the commodity, an idea. A long term trade that has the potential for 2000 pips or a loss of 200 pips.
Why is the target all the way up there?
Well in you back on the daily/weekly charts, price moves up and down within a sort of channel downwards. It looks like price might make one more big push towards the top of the channel and again push towards the low again. We'll see how it plays out over the next couple of months.
NATGASUSD BUY LONG TERM
start: 2.298
stop-loss: 1.841
take profit: 4.557
use small lot size, hold long term
Want to be updated live? join the community on Telegram: t.me/Lehforex
Why is the target all the way up there?
Well in you back on the daily/weekly charts, price moves up and down within a sort of channel downwards. It looks like price might make one more big push towards the top of the channel and again push towards the low again. We'll see how it plays out over the next couple of months.
NATGASUSD BUY LONG TERM
start: 2.298
stop-loss: 1.841
take profit: 4.557
use small lot size, hold long term
Want to be updated live? join the community on Telegram: t.me/Lehforex
