Hi guys, natural gas is ranging in a downward trend, it is nearing completion so be careful. Looking for a sell setup towards the bottom is a good idea. I'll be watching this commodity very closely this coming week for a sell setup. Use your own entry strategy so you'll be better equipped to manage the trade when you're in it.
Trade With Care
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On higher timeframe such as daily or weekly timeframe we can see that price is making a nice bullish flag pattern
In this scenario we can see that price is making bearish correction
The best price would be at third touch on descending flag pattern
Aim for Previous main high
Price is at the resistance line of the triangle pattern forming. Its also entering into a supply zone . Will wait to see if price breaks out of the bottom side of this triangle to begin a descending channel pattern. Stops placed above supply zone . When price reaches triangle support line i will move stops to B/E but keep entire position open. Target is bottom support line of potential descending channel