Natural Gas is at daily support & resistance zone. I spotted a buying opportunity with high potential RR.
chart is telling:
1. at important S&R
2. bear is fading
3. HL since last Wednesday
4. latest bear fulfilled 1:1
5. potential SL hunting @ 6.48
6. potential SL hunting above 7.1
Entry: 6.421
SL: swing low 6.3
Target: I'll take partial profit at 6.7 and set break-even for remaining position, ultimately 7.55 (RR > 1:9)
chart is telling:
1. at important S&R
2. bear is fading
3. HL since last Wednesday
4. latest bear fulfilled 1:1
5. potential SL hunting @ 6.48
6. potential SL hunting above 7.1
Entry: 6.421
SL: swing low 6.3
Target: I'll take partial profit at 6.7 and set break-even for remaining position, ultimately 7.55 (RR > 1:9)
Trade closed: stop reached
SL reached, will wait for next setup
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.