Trade Setup: Short Natural Gas (XNGUSD)
Natural Gas is approaching a key overhead resistance near 3.7176, a level that has previously acted as a supply zone. Price action shows weak bullish momentum with lower highs on intraday charts, suggesting potential exhaustion.
Volumes are thinning on the recent upmove, hinting at lack of conviction from buyers. If price fails to convincingly break above 3.7176, a mean-reversion trade becomes favorable.
🔽 Short Entry: Below 3.7176 (ideal trigger confirmation with rejection candle or bearish engulfing)
🎯 Targets:
• T1: 3.680 – minor intraday support
• T2: 3.669 – base of previous demand zone
• T3: 3.610 – stronger structural support
🛑 Stop-Loss: Above 3.74 (tight risk placement above resistance)
Bias: Bearish rejection near resistance
Conviction: Medium-High (confirmation preferred with price action)
Timeframe: Intraday to short swing
Natural Gas is approaching a key overhead resistance near 3.7176, a level that has previously acted as a supply zone. Price action shows weak bullish momentum with lower highs on intraday charts, suggesting potential exhaustion.
Volumes are thinning on the recent upmove, hinting at lack of conviction from buyers. If price fails to convincingly break above 3.7176, a mean-reversion trade becomes favorable.
🔽 Short Entry: Below 3.7176 (ideal trigger confirmation with rejection candle or bearish engulfing)
🎯 Targets:
• T1: 3.680 – minor intraday support
• T2: 3.669 – base of previous demand zone
• T3: 3.610 – stronger structural support
🛑 Stop-Loss: Above 3.74 (tight risk placement above resistance)
Bias: Bearish rejection near resistance
Conviction: Medium-High (confirmation preferred with price action)
Timeframe: Intraday to short swing
交易進行
SL given, but can try re-entry again below 3.72. 
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