NGAS - PREPARING FOR A MONSTER MOVE? - POTENTIAL INVERSE H&S
Updated
I already posted the Weekly view of this asset on the 22nd of December (see related ideas section) and it went up to +16.50% eversince. Even though now it looks like it's coming down strongly I'm still confident that the upside potential remains (the power of structure). Will be looking for an entry at the $2.75 mark.
My personal details:
Long @ Entry: 2.75, SL: 2.70, TP: 3.40
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
My personal details:
Long @ Entry: 2.75, SL: 2.70, TP: 3.40
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Comment
Divergence starting to form
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