Trade Plan for Natural Gas vs US Dollar (NG)

Natural Gas vs US Dollar

#NG

   The trend is bearish on the H1 timeframe. Natural gas is trading within the range between the 365 EMA and 135 EMA on H1. The ascending wave structures are truncated, and the pivot of wave C (wave 2) has been broken. The Awesome Oscillator shows bearish divergence, while the Stochastic Oscillator signals overbought conditions.

Trading Idea:

Sell upon the formation of a descending wave structure.

Stop Loss: 4.292.

Target levels: 4.050, 3.833.