EUR/CAD Long, CAD/JPY Short and NATGAS/USD ShortEUR/CAD Long
• If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
CAD/JPY Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
NATGAS/USD Short
• If price impulses down below our most recent low, it does so in a convincing manner and a subsequent tight flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
NATURALGAS trade ideas
NATURAL GAS EXPECTED HIGH VOLATILITY WITH BULLISH TENDENCIESThe ongoing conflict in the Middle East involving Israel, Hamas, and Iran, is having a potential impact on global energy markets. The conflict is complex, with deep-rooted historical and political dimensions, and has the potential to escalate, affecting regional stability. Geopolitical tensions in oil-producing regions can disrupt global energy markets, leading to price spikes and volatility in oil and gas prices. US energy policies, including decisions on domestic oil production and international relations with oil-producing nations, can influence global energy markets as well. That situation creates conditions for high volatility in the natural gas prices, with more tendency to bullish outcome.
If the bullish tendencies continue, the price might reach its resistance level at 3.394. In the opposite scenario, the price might revert to 3.271.
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CAD/JPY Short and NATGAS/USD ShortCAD/JPY Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
NATGAS/USD Short
• If price impulses down, it does so in a convincing manner and a subsequent tight flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
NATGAS 2HR Bull FinishNatural gas trading refers to speculating on the future price movements of natural gas. Traders who think the price goes up would buy a natural gas contract, while traders who think the price goes down would short-sell natural gas.
Data taken from Oanda.
OANDA uses innovative computer and financial technology to provide Internet-based forex trading and currency information services to everyone, from individuals to large corporations, from portfolio managers to financial institutions. OANDA is a market maker and a trusted source for currency data.
Gas - Fish miss old timesIn this famous technical formation called "The fish misses the old days" it indicates how much the fish misses the price of times gone by. So it will try to recover those prices (in this case, higher prices), so the price will go up thanks to the fish.
This coincides with the fact that crude oil has been rising aggressively and it is a matter of time before gas follows this behavior, because these fuels are highly correlated.
NATURAL GAS 25% GAINS IMMINENTNATGAS is lining up to break out of this bullish consolidation structure/ bull flag and reaching its next resistance zone around 3.4-3.5.
This resistance also coincides with the measured move of this bull flag.
Upon entering on the breakout my SL would be below the previous lows giving a 2-1 RR.
Natural Gas - Everyone's looking nowI noticed that most of my posts get most of their views after the move has happened, and it made me think about how I used to trade - reacting emotionally to big price moves and thinking that the opportunity is still there when most of the time it isn't.
You need to constantly analyse the market to spot potential opportunities at great levels. We do this everyday and in the case that we miss something, we do not react emotionally ever and if a trade is not equitable (in our strategy it has to be a 2-1 RR) we do not take it.
We simply analyse the market using traditional analysis to find the best spots, minimising emotion, removing ego and maximising success. You guys should start too.
Natural Gas Long Idea to $3.50Natural Gas looks to be curling up off of this bottoming pattern, and the Ripster Clouds technical tool shows support for a move higher on the daily and weekly charts. If it continues I would be looking for a target of $3.50, which is just below the 34/50 Ripster Cloud on the weekly chart.
A case for a Short on Natural GasA simple scenario with 3 elements that might occur for a potential shorting setup. In case a new high is formed and resistance is met at the orange line with signs of a potential turnaround, the case for the short becomes even more relevant if a divergence on Awesome Oscillator appears. There is an interesting support curved trend line following the previous lows of the waves of the market, and if this green level is broken the pullback could see this going somewhere from 3.1 to 2.9.
Any short position in the green can be carefully managed with tight stop loss or exit if bullish momentum catches steam, especially if the opposite scenario of an AO divergence is met, signaling the potential end of the pullback which could turn out to be just a correction in the overall bullish direction of the price.
On the other hand, this could also be the end of this bull run and bring the price back down around 2.83 where most of the previous wave lows have been formed.
Nat Gas SetupLooking for potential candlestick patterns near the rectangles which are potential support/resistance zones. Engulfing patterns are preferred, but any other can count as a signal.
The price needs to meet resistance near the first yellow rectangle above, and form a potential turnaround pattern and break the trend line. If the price starts following a downward path, after a correction, another entry signal could occur, somewhere near the second rectangle. If anything similar happens and the price reaches the blue rectangle, there could be a turnaround in that area of support. If not, the ellipse from above can be a zone of influence where bounces and rebounds can happen at that shape.
The icons are potential price predictions in time, and they must be hit or nearly missed for them to be successful predictions. They can be traded if the price forms a potential pivot point before their time stamp and relatively away from them, with a candlestick pattern (examples marked in the past price action) that can lead to the formation of a wave heading towards the first icon in sight.
Natural Gas - Are Prices Going Back Up!?Analysis:
Bullish Confluences
Strong upwards trend
Retest of a key support level
Broadening ascending channel present
Upwards trendline touch
3k long position decrease for the USD
Stay Safe - The JPI Team
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Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
NATGAS FORECAST Bulls eye perspective 30%-44% +++i know i already have a long swing post im just redoing it with a cleaner perspective now
that it seems like the range is done
Im expecting price to take a bullish reversal at any of the following levels
gas tends to retrace 70% or so of prior move
now i think with the recent inflation reports
it only natural something like this happens just when all seems well bam
gas prices rise fed raises rates double bam recession
thats just from my expirience on times seem well in the markets
that said the lows keeping getting higher if you look at the blue line so
im definietly bullish till targets are met (post in updates)
+90% Natural GasIs natural gas a good stock to buy?
When investing in natural gas stocks, it is important to look for companies with good financial stability, and a strong history of profitability. Natural gas stocks can be a good investment for stock market investors. This is because natural gas prices are expected to continue to rise in the future.
NatGas Daily Potential Bearish TradePEPPERSTONE:NATGAS
DATE: 25 September 2023
INSTRUMENT: Natural Gas
TIMEFRAME: Daily
COMMENTS:
Natural Gas Daily appears to have completed a complex Elliott Wave Pattern (Wave 4). Apparently price is setting to gravitate back to 1.61 - 1.467 price zone where we would expect price to bounce on those levels.
TRADE PLAN:
Look for confirmed bearish entries on lower timeframes
Natural Gas ScenariosIf the yellow curve does not hold, or the two red marked levels below, the white path with a continuation of the downward channel can be expected. Otherwise, we might see an attempt to shoot for the white rectangle. For such a scenario, first a break of the green curve needs to happen, and then the price action around the potential support of the yellow line or the red price levels below should give us bullish signs. The other 2 price levels above are potential resistance levels which need to be pierced.
!: If the yellow arc does not hold and the price doesn't shoot up, carefully watch out for any significant drops below any higher lows that have been formed in the meantime, which will signal a weakness in the potential bullish wave.