NATGASUSD | Sideways Market Since the End of 2008

Please support this idea with LIKE if you find it useful.

Initiate Long.

Entry - 1.967
TP1 - 2.788
TP2 - 3.752
TP3 - 4.687
SL - 1.626

Reason: At first look we have a Descending Triangle, though current formation is a Channel (with fakeouts) since the end of 2008. Pay attention or Red Resistance Line which previously supported the Line. In this case we have the price bottomed. We can initiate Long with Stop Loss that covers the Support zone in order to catch the Retracement.

Trade can take 1+ year. For this setup to be more safe it's better to pick up the asset on retracement movement.

Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.

Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.

The information given is not a Financial Advise.