Gas Climbing Up - Long Position
Entry: $2.715
TP & RR: $2.877 (3)
Stop Loss: $2.661
REASONS FOR THE TRADE
So far price action has formed a diagonal trend line, so I believe if it respects that level the price should bounce up and head towards a double top. There's also the possibility that we don't get filled and the price starts trending up without us, which is fine. We want to put the SL at a level that makes sense and the only one such is just too far, giving us a pretty bad Risk:Reward Ratio.
Entry: $2.715
TP & RR: $2.877 (3)
Stop Loss: $2.661
REASONS FOR THE TRADE
So far price action has formed a diagonal trend line, so I believe if it respects that level the price should bounce up and head towards a double top. There's also the possibility that we don't get filled and the price starts trending up without us, which is fine. We want to put the SL at a level that makes sense and the only one such is just too far, giving us a pretty bad Risk:Reward Ratio.
Trade closed: stop reached
Not what we were hoping for... SL hit.
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.
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.