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Bullish trend continues in Natural Gas?
After the a nice re bounce from the supporting zone (below 2.0), Natural Gas formed the double bottom pattern, thus I am looking for the consolidation and re-enter the market.
Market Structure: Bullish trend
Time frame: Daily trend, a nice retracement to Fib 61.8 level.
Entry point: around 2.20 - 2.22 zone.
Exit: below 1.98 level.
Target: 2.6 -2.7 ( next level of expected resistance).
Risk and reward: 2 to 2.17
Fundamental outlook: Commercial Long is back in this energy like Oil and DXY will continue to drop ?!
Thank you very much for all comments and supports.
Market Structure: Bullish trend
Time frame: Daily trend, a nice retracement to Fib 61.8 level.
Entry point: around 2.20 - 2.22 zone.
Exit: below 1.98 level.
Target: 2.6 -2.7 ( next level of expected resistance).
Risk and reward: 2 to 2.17
Fundamental outlook: Commercial Long is back in this energy like Oil and DXY will continue to drop ?!
Thank you very much for all comments and supports.
交易結束：目標達成
Taking profit, target is reached nicely.
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