Oluwawithin

Natural Gas - Long, Late Entry or not

Long
Oluwawithin Updated   
OANDA:NATGASUSD   CFDs on Natural Gas
Looking at natural gas long. Placed limit orders on Sunday before market open.
Not filled so far, tempting to move limit order up.
Comment:
Daily

Potentially missed initial VBO, but still in range.
BL - Turning up, hoping to hold
C1 - 4.08 to hold
C2 - Squeeze Mom still holding
VOL - Slowing but still above baseline
EX - sharp drop, still green
SQN - Bull Neutral

Weekly

BL - Bearish, but 1st target under Baseline retest
C1 - 4.57 could be resistance
C2 - Squeeze Mom still bearish
VOL - Slowing potentially moving to bullish
EX - Bearish, but turning up
SQN - Bull Quiet
Comment:
Considering a move to limit order up to 4.30-4.34 range.

4 Hour looking bullish, but upside resistance quite strong.

Trade active:
So been in this trade since 2022-01-17 17:42:30, entered as a Manual Order.
I had 2 targets and 2 Stop Losses.

TP1 : 4.682 (48bps)
TP2: 4.949 (84 bps)
SL1 : 4.072 (Hit) - Loss 37bps
SL2 : 3.88 -- Max loss 64bps

101 / 132 = 1.3R only
Trade closed: stop reached:
Stopped out of other leg of trade.

Total Loss: 101bps
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