This trade has happened with the main entry. This idea is to project the possible fall in Natural Gas due to the fib retracement that guides an extension to a confluence in price with fib extension and price action level. 3.350 area will be an interesting target for short and a possible reversal for the instrument.
For those not with on the main entry, there will probably come an reaction from the demand at 3.750-3.700 that will give a smaller pullback that can be used as a confirmation entry for a new re engagement.
Kommentarer
MrDarcy
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Place trail at 3381.
MrDarcy
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Taking profit at technical demand zone at 3297 or you can trail further by trailing with stop above last swing high on the current consolidation.