$NG Natural Gas Futures Trade of the Week for the Week Ending April 21

$NG Natural Gas Futures trade of the week for the week ending April 21. On April 20, we received a 5 Timeframe Ichimoku Sell Alert for the Natural Gas Futures. Here is the email alert:

Week ending April 21 - Natural Gas

Our trading plan indicates that we can only take strategy #4. Therefore, our trading timeframe was 120m.

Below is the 120m chart provided by TradingView.

Week ending April 21 - Natural Gas chart

At the time of this email alert, I had the option of looking for either a bearish breakout or a bearish pullback trade.

Due to an inadequate Reward:Risk, I did not take the breakout. I then assessed the bearish pullback which had an IMTF™ resistance and was providing me a Reward:Risk of 8!

Price eventually got to my entry level and held the IMTF™ resistance level I identified. It then moved drastically lower to hit my initial target (preserve mode) and continued to move lower and provide me a greater profit!

 

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EDUCATIONAL USE. Commodity Futures Trading Commission, Forex, Futures, Equity and Options Trading has large potential rewards, but also has large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provided on the Blog is for educational purpose.

About the Author Zeeshan Ahmed