NATGAS's monthly candle for November closed above the moving average which suggests that it could move long for the month of December.
I will be looking for a daily candle to close above the moving average to place positions using Fibonacci retracement levels.
Fib retracement levels are derived by using the high and low of the daily candle that broke the moving average.
Stop losses are initially set at 30 pips but will be moved to break even or to a profitable level at my discretion. No take profit targets are set. Profits will be managed manually.
I will be looking for a daily candle to close above the moving average to place positions using Fibonacci retracement levels.
Fib retracement levels are derived by using the high and low of the daily candle that broke the moving average.
Stop losses are initially set at 30 pips but will be moved to break even or to a profitable level at my discretion. No take profit targets are set. Profits will be managed manually.
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