NATGAS is poised for a sharp downturn, with market structure break and volume confirming direction. Current price action suggests a high-probability short setup is unfolding.
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๐ด NATGAS SHORT ๐
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๐ Entry Range: $2.8262 โ $2.8318
๐ Stop Loss: $2.9139 (-3.0%)
๐ฏ TP1: $2.7866 (+1.5%)
๐ TP2: $2.6875 (+5.0%)
โก R/R Ratio: 1:1.7
๐ Confidence: 94%
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The CHoCH signal fired, indicating a break in market structure, while CVD confirms the direction of the trend, and FVG highlights a fair value gap that needs to be filled. Additionally, the presence of an order block, liquidity sweep, and POI confluence all support this short setup.
A 3.0% stop loss may be considered relatively tight, but with a confidence level of 94% and a favorable risk-to-reward ratio, it warrants the use of higher leverage to maximize potential gains.
Taking partial profit at the first target point will help lock in some gains and reduce exposure, allowing for a more aggressive push to the final target with the remaining position.
Not financial advice โ always manage your own risk ๐
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