$UK Stock Market Trade of the Week $PFC-LON 5 time frame sell opportunity. With a shorter working week. Fewer opportunities presented themselves. However, on April 13, we received a 5 Timeframe Ichimoku Sell Email alert for PRU-LON, Prudential Plc. Here is the email alert received.
Our trading plan allows us to trade Strategy #4. We chose the trade the 60 minute timeframe. Below is the chart provided by TradingView.
and below is a zoomed in view.
We had IMTF™ resistances at 1671.45 and 1672.48 giving us a pullback entry at these levels giving us a reward/risk ratio over 3:1.
Although we missed entering the pullback trade by a few pips. We could setup a break out trade. As shown the chart below.
our entry sits on a resistance so we will move it down slightly and we target the pivot low. We are currently waiting to enter the trade and expect a minimum 3:1 reward/risk ratio on entry.
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