CAD/JPY Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I’ll be waiting for a convincing impulse back down followed by a tight flag and then I’ll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there’s any ambiguity then I will not place a trade on this pair.
NATGAS/USD Short
• If price impulses down, it does so in a convincing manner and a subsequent tight flag forms, then I’ll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there’s any ambiguity then I will not place a trade on this pair.
very good stuff. thanks.
my English is not that good, so I have a question. Do you think that the price will go down to around 3.00 or 2.00 in the short term?
Thanks.
I don’t agree with all these Nat gas analyses. It’s all different futures contracts after all. With maturities at different times. And then people look at charts which are synthetic constructs.. eg of the front futures month.