Traderslife
Short Natural Gas? Bearish Butterfly Pattern. Price is currently at a strong resistance zone. We can expect a retracement/correction to the downside before going long again. I'm looking to short this pair when my trading plan agrees. Stochastic is approaching the overbought area. We also have a nice bearish divergence for a sell on the 1 hour.
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Nice Bearish Butterfly Pattern on the NZDJPYI'm looking to sell this setup since it has approached a strong resistance zone. I do believe the trends upward impulse momentum has slowed down so expect a nice correction before selling. Stochastic is also nicely overbought.
My Target area: 78,200 - 78,000
Always apply risk management.
:)
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