Price Action Forecast for Alumini on 24 th November
As seen in Five hour Price Chart of Alumini I found a Bearish signal at the Top Resistance level.It is found that ALUMINI is in UPTREND.
Five Hour Price Chart of ALUMINI on 21 st November is shown below.
As I found Bearish signal at the top resistance level I am going to tradeDaily price action intraday on 24 th November monday in ALUMINI. I will be in a short position only if ALUMINI breaks 126.30. Since I am going to trade intraday my target for this trade is 0.80 below the selling point and my stop loss for this trade is 0.70 above my selling point.
Price Action forecast for Lead Mini on 24 th November
As seen in the Daily Price Chart of Lead mini it is in the DOWNTREND.As per Price Action in the FIVE HOUR chart of Lead mini it is seen that the upside retracement of Lead Mini might be over and it might be a bearish signal at the resistance level. According to price action I found a bearish signal in the Five Hour price chart of Lead Mini.
Five Hour Price Chart of Lead Mini on 21 st November is shown below
I am going to trade in Lead Mini on 24 th November monday. I will be in a short position in Lead Mini only if it breaks 125.70 .Since this is my daily price action intraday trade, my target for this trade is 0.80 below my selling point and my stop loss for this trade is 0.70 level above my selling point.
Strong Price action forecast for Natural gas on 24 th November
I found a price action Strong bearish signal at the resistance level in the daily price chart of Natural Gas. It is observed that Natural Gas is in the UPTREND. Daily Price Chart of Natural Gas on 21 st November is as shown below
According to my daily price action intraday strategy I am going to trade intraday in Natural Gas on 24 th November. I will be in a short position only if Natural Gas breaks 263.80 for my intraday trade . My target for this trade is 2 points Below the selling point and my stop loss for this trade is 1.50 points above the selling point. I am already in a carry forward short Position from 21 st November because of strong bearish setup found at the resistance level. Natural gas might be Gap down at the opening of market.
Summary of the Executed trades on 24 th November as per my Price action updates
Alumini – The desired Price Action sell Point in ALUMINI did not came therefore the trade was not executed
Lead Mini – The desired Price Action sell Point in Lead Mini did not came therefore the trade was not executed
NATURAL GAS – There was a HUGE GAP DOWN and I achieved 13 points.
Overall I got only one trade executed and it was successful. Great Trading on 24 th November.
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