Natural Gas Buy at daily S&R
Updated
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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