NATGAS Will Continue The Bullish Trend
The recent rise in gas prices is likely to be due to a technical reaction to the previous downward trend and the geopolitical situation.
Since it is well known that "the trend is your friend", the question arises as to possible price targets for any long trends.
An area of several open intraday gaps from mid-July 2024 is a good place to start.
If we choose this zone as a price target for a long trade, we can realize an acceptable RRR of around 1.1:1.
Since it is well known that "the trend is your friend", the question arises as to possible price targets for any long trends.
An area of several open intraday gaps from mid-July 2024 is a good place to start.
If we choose this zone as a price target for a long trade, we can realize an acceptable RRR of around 1.1:1.
Trade closed: target reached
Hit TP
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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.
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.