Looking to Flip Short Then Long on NG1!
Updated
Looking for something like this to go down now... Daily looks like a "Double Top" with Natural Gas reporting a surplus ! Will wait for a close of a 4hr. Candle on a retest of the 2.69 area to grab a "short". Then ride it down to either 2.46 or 2.36 (will also wait for price action to hint at which level I believe we will bounce from), from which I will then be looking to go long for a "colder weather" push back up to trendline which could have targets at either 2.90 or 3.08, depending where and how fast we move to and from each area/level... *Could still be in the push now to retest trendline but a short at 2.69 can have a tight stop so the R:R is still there and can always adjust if it is...*
Order cancelled
4hr. closed above resistance... No confirmation, and gas has definitely gapped up now !
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