Ichimoku Australia Stock Trade For The Week Ending September 25, 4 time frame Sell NAB-ASX, NAT. BANK FPO

September 24, We received an Ichimoku 4 time frame Sell Email alert on NAB-ASX, NAT. BANK FPO.

Here is the email alert:

NAB-ASX -120m alert

We used a pullback strategy because it had a multi time frame resistance match from lower and higher time frames which gives a higher probability of success and also to keep our risk low. We are going to use the 240M time frame to setup the pullback trade.

The entry was 30.56, initial stop of 30.75, preserve mode of 29.81.

The risk is 0.19 and the reward is 0.75 to preserve mode. Reaching to preserve mode, it is more than a 3:1 reward/risk ratio. For pullback trades our minimum would be a 3:1 if it is not then we don’t take the trade.

Here is the chart for reference:

NAB-ASX -120m pb

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About the Author Ludovic Chou